sp'60min
sp'weekly6
Summary
With an overnight threat of intervention in Japan, world markets built some gains, although other than Japan, the gains haven't exactly been sustained.
re: sp'60min: break levels 2080.... which looks overly difficult. <2039... very viable.. even by the close of today.
re: weekly'6: a notable third blue candle. A sustained break <2K should have occurred by mid June.
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early movers...
VIX -2.9% in the 14.10s.
CHK +3.7%
FCX +2.0%
SDRL +0.5%.... dead cat bounces in the junk/trash stocks.
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Overnight action
China: micro chop, settling effectively u/c @ 2832
Japan: +2.1% @ 16565
Germany; currently +0.5% @ 10031... battling for a daily close >10K.
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Have a good Tuesday