1pm update - battling to hold the floor

The equity market sees another minor wave lower.. back to sp'2080, but the earlier 2077 floor should hold. USD remains weak, but off the low, -0.8% @ 94.20s. Metals remain moderately weak, Gold -$2. Oil looks set for another sig' net daily gain, +1.5%.


sp'60min

Summary

Despite the little wave lower this hour... I'd guess the earlier low will hold.

Thursday looks set for moderate chop... as the market will likely be in a holding pattern ahead of the monthly jobs data (Friday, 8.30am).

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Gold remains interesting...

15min cycle

I'm still looking for another little up wave before I'll seriously considering getting involved (short side). Of course, if the USD keeps recovering this afternoon... Gold will not likely be able to claw much higher.
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1.40pm.. I am SHORT Gold, via GLD @ $114.30.... will look to hold into Friday.