sp'60min
Summary
Well, that is quite an interesting opening swing!
Market should be able to level out in the 2080/77 zone. Any move <2077 would be a problem, and suggestive of a challenge of the 200dma.
notable weakness, TWTR -1.4% in the $36s.... the Dec' low ain't far off now.
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I have eyes on Gold - as a viable short.
15min
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stay tuned!
10.01am Viable floor of sp'2080.... on soft rising support.... bears... beware!
10.11am. ohoh.. sp'2077... this is starting to be a problem....
Yellen needs to stop talking and start hitting the ES mini BUY button !
10.15am.. Its ironic that despite the USD breaking multi-month lows... equities are not benefiting.
USD -1.1% in the DXY 93s... at primary target zone!
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notable weakness: DISCA (Discovery), -2.5%.. as the bigger bearish formation remains intact (downside this summer would 25/22 zone)
10.34am... Oil inventories... -3.9 million !
WTIC +3.2%... in the $62s... headed for 65/67