US equities remain moderately mixed, with the sp' seeing an early low of 2083.. just 2/3pts above core rising trend. For now.. the hourly cycles are threatening renewed upside to the 2120s.. but... the daily MACD cycles are very close to officially turning bearish.
sp'60min
sp'daily5
Summary
*there are an absolute mountain of key issues to highlight.... not least the USD, metals/oil, and hell, lets not forget the bond market.
TLT -1.5% in the $118s, but I'll have to cover that later... no time right now.
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The grander issue is that the mainstream is now adjusting to the notion of higher rates. Ohh, and I realise some out there will still say it won't happen.. and that besides... we're still going to collapse to sp'1500.. or lower next year. Right?
I can only suggest people consider BAC.
It is arguably a powerful signal - once a monthly close >$18... of where the broader market is headed next year.
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time to cook