2pm update - six red candles

With six consecutive red candles on the hourly cycle.. the market has cooled from sp' 2072 to 2058.. a entire 14pts... 0.7% of pure horror for the equity bull maniacs. The 2080/90s still look highly probable before a key short term top. Oil remains very weak, -2.1% in the $42s.


sp'60min

USO' daily2

Summary

Little to add.

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notable strength: BABA, +3.8%... but...

.. the daily black-fail candle is not so great.. .a fail at the 200dma.. at least provisionally.

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back at 3pm