10am update - opening gains

US equities open moderately higher, and now its a question of whether the gains will hold... or fade ahead of a three day holiday weekend. On balance, US equities look set for a brief foray back above the sp'1900 threshold. Metals are naturally cooling after recent hyper gains, Gold -$7.


sp'60min

VIX'60min

Summary

*hourly MACD cycle is set for a bullish cross in the 10am hour.. so despite opening gains a little shaky, they should hold.
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As things are.. even if the current gains do hold, most US indexes are set for a second consecutive sig' net weekly decline.

Ironically, the exception is the Transports... set for the fourth consecutive weekly gain.
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Best guess... further upside across next week.
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notable weakness, BA, daily

Viable upside to 113/116 looks viable.... with a broader downside target of the mid 70s

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stay tuned