12pm update - minor chop

Equities are seeing some minor chop, with the sp +8pts @ 2116. Metals are holding sig' gains, Gold +$11, with Silver +2.7%.. but broader price structure remains a bearish H/S formation. Oil is slowly cooling, -0.9%, as the USD continues a minor retrace/bounce.


sp'weekly7

FXE' 60min

Summary

*it is highly notable that the bigger weekly cycle is now offering the sp'2140s in the immediate term.
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Euro and Oil remain somewhat in sync... which is kinda interesting.

I'm looking for FXE into the low 108s.. if not tomorrow.. then early Wednesday. That might also offer a long-oil trade too.... Hmmm
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notable weakness, airlines, DAL/UAL, both lower by around -1%, despite weak oil prices.

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VIX update from Mr T.



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time for lunch