1pm update - reversing at resistance

The sp'500 is starting to cool from an earlier high of 2066, reversing at declining resistance/trend from the 2116 high. Regardless of any retrace into the close/Wednesday, the broader trend remains unquestionably upward into December. Gold/Oil remain notably weak.


sp'60min

USO'daily2

Summary

*Gold hits a new multi-year low of $1064... as Silver/Copper remain similarly weak.
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The weakness in Oil is clearly restraining the upward push in equities. With the API/EIA inventory reports due - neither will likely be pretty, Oil remains at threat of losing the $40 threshold.

I'm increasingly suspicious that even if Oil loses $40 in the immediate term, the market will be able shrug it off.. as underlying pressure in equities is pretty strongly higher.
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notable strength; NFLX +5.6% in the $117s... as Jessica Jones is another day closer.

weakness, miners, GDX -4.5%... with many individual miners now lower for the month by -10/15%.