US equities are starting to cool from the early high of sp'2059.. which is notably just below the 50/200 day MAs. Price action is naturally going to become increasingly subdued across the next three hours. Metals are holding strong gains, Gold +$13, with Silver +2.8%. Oil has imploded on the latest inventory report, -2.7%.
sp'60min
Summary
There is clear threat of a post-FOMC flash drop to 2025/20 zone.. before surging back upward.
Equity bulls should be pushing for a daily close in the 2050s. Anything >2065 would be a bonus.
-
DIS is having problems...
The opening hourly candle was a stark black-fail... and indeed.. we've seen all of the gains lost.
Is this stock turning to the dark side?
--
Meanwhile in London city...
Its dusk for the metropolis... and for ZIRP.
--
time to cook