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.
... 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.
notable weakness: DIS, -0.9%...
..updates into the close... if we do break <2082.
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.
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.