Despite a minor down wave from sp'2041 to 2028, the earlier floor is still holding. The market has declined for 7 of 8 days, and broadly.. another multi-week up cycle to challenge the May highs (in some indexes) is due. Metals remain weak, Gold -$2, with Silver -0.5%. Oil is set for a net weekly decline of around -9%.
*another somewhat spiky equity hourly candle.
On any basis, we're holding around the target zone of the 2020s....those who are short are getting a 'reasonable' level to exit into the weekend.
Those who want to go long are getting opportunity almost 5% lower from last Tuesday's high.
There can be no complaints today.
BAC -1.3%.. as 'fears' increase the Fed won't raise rates at the Dec' FOMC.
back at 3pm