10am update - gains not likely to endure

US equities open a little higher, but the gains look set to be negated... whether in late afternoon.. or early Thursday. USD continues to put pressure on most asset classes, Gold -$2, with Oil -0.7%.


sp'60min

GLD, daily

Summary

*first target on GLD is around 112.25... if 111s by the Friday close, it'd be another indirect indicator that the USD will keep rising... which would be a major problem for the broader market.
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As for equities... best guess... market to get stuck around 2116/22... and then rollover later today. There is a micro gap at 2126, but that looks overly difficult to reach today.

For those looking to short.. a move from 2116/22 to around 2080 would certainly be a valid trade before the week/month concludes.
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early gains.. airlines, DAL/UAL, both higher by around 2%