1pm update - new lows

With very few buyers appearing, US equities are breaking new intraday lows, sp'1917.. a mere 0.7% above the critical Tue' low of 1903. It is increasingly a borderline situation.. ahead of the long holiday weekend. Metals remain weak, Gold -$5. Oil is -1.5% in the $45s.


sp'60min

Summary

*a marginal break of rising trend on the hourly cycle.
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It is seemingly a case that few want to get involved ahead of the long weekend.

The only issue for the rest of today, can the market at least close higher than the Tuesday low of sp'1903?

Best guess... yes.. but I sure ain't adding to the long side.
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The bigger weekly cycle looks plain ugly.

The only moderately bullish aspect is that we have a higher low.