sp'60min
Summary
By today's close, equity bears just need <2100 to break rising trend... and if we're going to have a chance of reaching the 2065/61 zone by the Friday close, we really do need to close net lower today.
Cyclically, the setup favours the bears, with the MACD equity cycle set to see a bearish cross this morning.
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early movers....
INTC -1.9%... post earnings depression. Maybe they need to just fire even more people?
BA -2.1%
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Overnight action
Japan: opening sig' gains fading across the day, settling +0.2% @ 16906
China: broad weakness, -2.3% @ 2972
Germany: currently +0.2% @ 10369
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Have a good Wednesday