10am update - opening weakness

US equity indexes open a little weak, but price action is much like yesterday.. except arguably somewhat stronger (as seen on the daily cycles). Oil opens sharply lower, not least 'helped' by Goldman touting a $20 capitulation floor... but price structure remains in the short term is a bull flag... and a net daily gain remains possible.


sp'daily5

USO, daily

Summary

There is no reason to change the near/mid term outlook.

Market is set for sig' net weekly gains.. and I'd guess we do close today somewhat net higher.

notable strength: NFLX, DIS

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Time for an early lunch... back soon