US equities open significantly lower. Whilst inflation was inline with expectations… things are set to turn pretty hot into the spring. VIX is not offering the equity bears any ‘drama’ today. WTIC $111s. Gold $2007
sp’60min
VIX’60min
Summary
I’ve added a pink line. I’m still wary, that this crazy market will take us to challenge multiple aspects of resistance in the mid 4400s. Typically, the market will lean upward into an FOMC.
Yours truly is sitting back, and simply looking to exit the only two things I’ve left… AG and KGC.
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notable oil ETF: USO, 60min
Orange gap still seems possible.
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notable gold ETF: GDX, 60min
S/t momentum due to turn positive.
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notable gold ETF: GLD, 60min
I’d like to see yellow gap tagged.
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notable Dow component: MSFT
Reflective of the m/t broken market. Lower monthly bollinger offers the $170s… and that IS the natural target.