Good morning. Futures are moderately lower, sp -14pts, we're set to open at 2052. Metals are sharply higher, Gold +$18, with Silver +2.0%. Energy is mixed, Nat' gas -2.4%, whilst Oil is +1,2%.
sp'daily5
Summary
So... after last Friday mornings lousy jobs data, we're set to open lower, but as usual, its nothing significant.
All equity cycles favour the bears, and in theory, we have a fairly high chance of breaking the the key low of sp'2039 late today/early tomorrow.
A break of 2039 will open up a test of the 200dma in the sp'2013/15 zone. It remains notable that the Transports has already completely failed to hold that key MA.
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notable strength: TSLA +3.9%, after Friday sales data.
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Update from Mr C.
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Have a good Monday