US equities are clawing upward, as we’ve broken above a few aspects of daily resistance. Its argues against a straight collapse ala Feb/March 2020, but it doesn’t change the monthly cycles, which are all in the process of turning negative.
sp’60min
VIX’60min
Summary
So… as things are, we’re set for a daily close above the 200 and 10MA… which bodes s/t bullish. Price structure is STILL a bear flag, and it threatens a marginal lower low <4222 within the near term.
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notable stock: SPOT
The company and Rogan have both pandered to the psychotics, and more than anything… its just disappointing, if not surprising. The stock is m/t bearish, for a company that can’t turn a profit.
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notable weakness: PFE
No news of significance that I’m aware of. S/t bearish. Orange gap with the 200dma.
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notable steel: CLF
Cleveland catching a bounce. X is similar.
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notable miner: LAC
Bouncing with the rest of the miners.