3pm update - net weekly declines

Despite the current gains, all US indexes are set for significant net weekly declines. Near term outlook still offers another push lower to at least the sp'2020/10 zone - where the 200dma is lurking. Oil has truly bizarre gains of +5.7% in the $39s.


sp'weekly1b

VIX'60min

Summary

*were it not for Oil, this market would be in the sp'2030s right now.
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Little to add... in what has been a week of rather annoying swings.

As things are... the setup for Monday looks bearish, and I'm content to hold across the weekend.

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back at the close