11am update - signs of weakness

US equity indexes are still largely green ('old leader' - Trans, remains notably weak, -0.1%), but with a 3 day holiday week ahead.. there is likely to be some weakness into the weekly close. Metals have broken lower, Gold -$7. Oil is similarly now on the slide, -0.9%.. despite a weak USD, -0.7%


sp'daily5

Trans, daily

Summary

So... morning gains.. but I don't expect them to last, and it looks like market is unable to re-take the 50dma of sp'2073.

A daily/weekly close <sp'2055 (broken rising trend). .would be especially useful.. and help offer a gap straight under the 2039 low at the Monday open.

A weekly VIX close.. at least >15.50 would also help to offer some bearish clarity as well.
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notable strength: TSLA +2.7%

weakness... GDX -1.6%.. as the metals cool into the weekend.