11am update - bear market under construction

US equities are battling to rally from the early low of sp'1986, but that makes no more sense as a key low than 1989 did. Renewed weakness is due.. at least to the 1960/50s. The bigger picture is what really matters though, as a bear market appears under construction.


sp'60min

sp'5min

Summary

*price structure on the micro 5min cycle is................. a baby bear flag.

Hard to guess if we'll see another little push upward. If we do.. it will be one to short.

Maybe 2002/2004 in the 12pm hour.
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So... a new cycle low of sp'1986... and that sure isn't the floor in the current down wave from last Wednesday (2081)

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Here in London city....

Under construction, like the bear market

Moderately creepy skies

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time to cook