Monday, 4 April 2016

3pm update - weak chop into the close

US equities remain choppy, and for now, the weakness is simply not remotely significant. Rising trend will be around sp'2055 at the close. Any Tuesday close <2060 will be enough to break rising trend, and open the door to first soft target of the 2020/15 zone, where the 200dma is lurking.




Little to add.

*the weakness in Oil is certainly helping to put some downward pressure on the broader market.
notable weakness: miners,  GDX, -2.7%.. as Gold -$7, and Silver -0.8%.

back at the close...