US equities open moderately higher to sp'2116, but that is likely the high of the day... and perhaps the week. The door remains open to a minor washout to 2080.. with VIX 16s. USD has cooled a little, +0.1% @ DXY 97.00. Gold/Oil have duly snapped higher.
*Black-fail candles all over the place... as the market completely unable to hold opening gains.
.. and the week begins with a rather classic opening failure... the threat of an upside break looks out of range for a few days.... probably until after the Friday jobs data.
VIX is confirming the turnaround... breaking the high of 14.64... looking set for 15s today. 16s look difficult until tomorrow.
10.05 ISM manu' data comes in okay... market swings higher... although it sure is choppy this morning.
10.26am.. chop chop.. having hit 2102... 2099 is the next target....
Overall... price action sure ain't bullish... a washout to the sp'2080s looks due before renewed upside.
USD back on the rise.. +0.6% in the DXY 97.40s.. that will be a pressure for most asset classes across today.