US equities have filled the opening gap, with the sp' quickly rebounding from 1955 to 1967... a daily close in the 1970s remains probable. VIX remains subdued in the 21s... sub 20s look a given by midweek. Gold remains weak, -$6, whilst Oil is powerfully higher, +3.0% in the $46s.... seemingly headed for 49/50.
sp'15min
USO, daily2
Summary
Little to add.
I realise many will be confused by today, but it seems the market is just trying to wash out both sides... as we battle back toward the 50dma... currently @ 2036.
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*I remain tempted by Oil.. but really, I'm not in the mood to complicate things.
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back at 3pm
