sp'daily5
VIX'daily3
Summary
Last week was all about repeated rally fails.
This week is simply a case of whether the market can break >2114.
Considering the bigger weekly/monthly cycles.. new highs look very unlikely.
Obvious short-side trades remain AAPL and DIS, having seen extremely decisive trend breaks.
AAPL, daily
Arguably back testing the old (broken) floor... whilst price structure is a bear flag. Bears should be seeking no daily closes in the $120s. AAPL is certainly a stock to watch.. as an indicator for the broader market direction.
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notable weakness: TSLA -1.3%.. as talk continues that every car sale is a loss making sale.
QCOM -0.4%.. nothing significant, but it does standout from most stocks this morning.