sp'60min
sp'daily5
Summary
Yesterday saw some notable technical damage.. with two key lows - sp'2077 and 72 being taken out.
Right now.. I find it difficult to see the market not rolling over somewhere in the 2095/2100 zone... first soft downside would be 2050.
The obvious 'best bearish case' would be a test of the rising 200dma.. but that is out of range until at least next Tue/Wed.
-
notable weakness, copper miners, FCX/TCK, both lower by around -2%.
strength: BABA +7.1%... holding sig' gains, although the daily candle is a big black-fail one.. and those often don't end so well.