US equities are moderately lower, with a key retrace zone of sp'2080/75. Sustained action <2060 looks extremely unlikely in the near term...and for rest of the year. With the USD +0.2% in the DXY 99.80s, the metals are under pressure, Gold -$9. Oil has lost most of the earlier gains, +0.3%.
The drama, huh? A swing from 2095 to the low 2080s.
No doubt some out there are getting overly excited.. but sporadic minor retraces are natural.. and to be expected.
Broadly though... a brief pre-holiday foray into the 2070/60s would do nothing to the broader trend. A net weekly gain looks probable.
back at the close