sp'60min
USO' daily2
Summary
*ongoing weakness in commodities is putting some distinct downward pressure on the broader market.
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Perhaps somewhat appropriate, a Panda bear opens the market on this Friday 13th...
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| Bearish open at the NYSE |
From a cyclical perspective, the smaller 15/60min cycles are offering choppy weakness across today.
Best guess.. a weekly close in the 2050s.. with further weakness next week.
Other than a few individual stocks - such as BAC, the outlook is still for the market to hold above the sp'2K threshold.
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back at 11am