US equities remain moderately weak, sp -6pts @ 2117. Price structure is offering a bear flag, but it could certainly also be deemed a higher low from 2099. USD is in cooling mode, -0.3% @ 97.00s. Metals are a touch higher, Gold +$2, whilst Oil is -0.7%.. but well above the earlier low.
It is getting somewhat tiresome in market land.
Price action is increasingly choppy... if a touch on the weak side.
Worse case for the bears... some nonsense excuse tomorrow morning.. and we'll close the month close/at new highs (at least for sp'500).
Best case... overnight Asia weakness.. and lousy Friday morning (GDP/PMI) econ-data...with a break back under sp'2100.. opening the door to a move to 2080/75.
My guess? Daily cycles are bearish.... and the Transports certainly supports that view.
2.22pm.. Oh great... stockcharts has just gone nuts.. all the charts...
Urghh. Someone had better reboot the server.