US equities are choppy, but with s/t momentum having turned positive, the market is still leaning upward, set to continue into mid afternoon, if not all the way into early Wednesday.
sp’60min
VIX’60min
Summary
As Powell/Mnuchin are set to answer questions from Maxine Waters et al, the market is in chop mode. Price will be inclined to lean upward, as teal gap of 3346/85 appears due by early Wednesday. That would make for another lower high, and resuming lower… with Thursday ‘prime’ for the bears.
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notable bond ETF: TLT
Bonds/Yields are broadly flat.
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notable financial: BAC
Financials are still struggling.
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notable biotech ETF: IBB
Red gap to fill… 200dma, with major support 123s, which would perhaps sync with sp’3100.