sp'daily5
VIX'daily3
Summary
After yesterday's rebound, this morning's open really helps increase the probability that we'll at least hit the 50dma around 2040 within the next few days.
Things only get interesting on a daily close in the 2020s, and that remains a very difficult level to hit in the current down cycle from 2111.
Again, if we do see a break <2033.. that will open up a 38% fib retrace to the 1990s.. before next sig' bounce.
-
notable weakness, TWTR, daily
Continuing to degrade... seemingly headed lower until a 'bargain bidder' appears from the shadows.
--
time to shop... back soon