Trans, daily
sp'weekly
Summary
On the bigger weekly cycle, the sp'500 sure looks tired. A weekly close <2100 (probable.. in my view).. would make for a pretty bearish weekly candle.. offering further downside next week.
A hit of the lower weekly bol' - currently @ 2057 (with the 200 day MA lurking nearby), would open up a more sig' bearish wave (under the giant 2K threshold) later this summer, but more on that.. if we get there.
notable weakness, BTU -4.1% in the $2.30s... just another day of horror for the coal miners.
--
VIX update from Mr T. due
*seemingly not appearing
--
time for lunch
12.28pm.... baby bear flag on the hourly cycle.... market does look maxed out from 2115... weakness into the close