3pm update - closing hour spooky weakness

US equities see an outright collapse wave from the new cycle high of sp'2094 to a near horrific low of 2084. Seriously though, a break under 2082 in the closing hour would be a minor victory to the bears.. and offer hope that the market has indeed maxed out.. with a natural retrace set to span 2-3 weeks.


sp'60min

sp'weekly1b

Summary

... the last trading hour.. of what has been an absolutely insanely bullish month.

So.. lets see if we can take out the Thursday low of 2082.. with a weekly close in the 2070s. That'd be something.

Regardless of the exact close.. we're still set for a fifth consecutive net weekly gain.
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notable weakness: DIS, -0.9%...

..updates into the close...  if we do break <2082.
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3.03pm.. ohh the humanity... look at the declines!    We've taken out the Thursday low!

Next soft target.. 2080... then the 200dma of 2061.
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3.09pm.. the 3 leader stocks, AAPL, DIS, INTC... relentlessly strong.. are all appearing to rollover...

notable weakness, BAC -1.7%...


3.17pm.. VIX +2.5% .. making a play for a minor net weekly gain in the 15s.


3.38pm... chop chop.. with sp'2084.. and VIX 14.95....

Just a touch of weakness into the monthly close... looks due.