2pm update - its time for a turn

US equities have seen a sig' retrace of the Tuesday declines... and are now due a rollover. Primary downside target remains sp'2080/75.. where there are a number of aspects of support. USD remains fractionally higher in the DXY 97.30s, the 98s look very viable tomorrow. Gold remains broadly weak, -$1.


sp'60min

GLD, daily

Summary

*despite churning sideways, Gold bears (myself included) should be content with today... Thursday is offering another $15 or so lower to $1170.
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As ever, a typical turn time is 2.30pm. Right now, the 15min equity cycle is offering to turn negative on the MACD cycle around 2.30pm.

The remaining two hours should offer some indication of how we'll trade tomorrow.
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notable weakness: oil/gas drillers, SDRL -0.7%.. as Oil continues to cool, -1.0%

strength: AAPL, +1.9% in the $132s
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2.09pm.. next micro gap 2125/26... which is a mere 0.4% from the recent historic high.

2.37pm... a viable micro spike top of sp'2123....  its time to see how many of the rats want out ahead of tomorrow.