US equity indexes are seeing some minor chop... but unlike yesterday, the technical break of trend (from sp'2039) has occurred. A move to around 2090/85 seems probable today. More significant downside to the gap zone of 2065/61 will be more viable next Monday. Metals/Oil are both holding very significant reversals.
sp'60min
GLD, daily
USO, daily2
Summary
I realise a few out there will already be spooked at what is only minor chop... but we do have a break... and a net daily decline looks highly probable.
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notable weakness: QCOM -1.8%... after rather lousy earnings.
Airlines: UAL -8.5%, DAL -2.6%
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time to cook!
