sp'60min
Summary
closing hour action: leaning upward, with another attempt to break/hold above the hourly 10MA, but failing, with a daily close <2800 threshold.
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... and that concludes Monday. It was a day of moderate swings, mostly leaning toward the bears. On balance though, the bulls should be rather pleased with today, not least after the overnight Asian smack down.
The s/t cyclical setup favours the bulls for Tuesday, but there remains the issue of BREXIT, which does threaten late week/end month turmoil.
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notable stock: MU
A second rough day for Micron, as the post earnings Thursday gains are all being eroded. I see the stock as m/t problematic, until memory prices show some sign of leveling out.
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notable stock: TWTR
Friday saw a clear failure at the 200dma, and today's action wasn't inspiring.
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notable stock: TSLA
Its an ugly s/t trend, with the stock also m/t broken. RBC downgraded 245>210. Yours truly holds to psy'200/190s... only negated with a monthly close >300, and that sure doesn't look likely.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT