11am update - express elevator to hell

US equities have cooled a little, but there will be no short term bearish clarity unless a close <sp'2115.. along with VIX 14s. USD is holding sig' gains of 1.0% in the DXY 95.20s. Metals are naturally lower, Gold -$6, with Silver -2.1%.


sp'60min

UUP, daily2

Summary

RE: USD/UUP.  Very difficult to say if the retrace from mid March is now complete. The current black-fail candle on the daily chart is offering threat of renewed downside.... as ever.. the daily close is what matters.

*I am seeking a major long UUP position from this summer into next year... for now... still waiting.
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Fractional equity weakness, at best... increasingly moderate weakness into the close....  it won't be easy to break <2115.. no doubt the algo-bots are well aware of that rising trend/support.

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notable weakness: INTC, -0.8%.. having earlier lost the $32s
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The combat drop to LV-426



Going down.