US equities are choppy, if mostly leaning a little weak. S/t price structure is a bear flag… its size is supportive of a washout to the 50dma… currently around 3841. Natgas printed $6.39.
sp’60min
VIX’60min
Summary
Chop chop…. chop.
Yellow gap remains valid unless >4K.
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notable horror: BYND
Argus hold>sell.
The l/t survival is questionable.
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notable health: MRNA
Moderna remains broadly stuck. Bulls need a decisive push >psy’$200, and that doesn’t look feasible without any new ‘scary variants’.
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notable strength: TSLA
Its just a bounce. Yesterday’s reversal candle played out.
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notable miner: GOLD
Barrick helped with Gold printing a new multi-month high of $1819… if cooling back to $1803. Those August $1824s remain tough to clear!
As night falls… time for a much needed lunch…