US equities are battling to hold gains. VIX is trying to floor from orange gap. Natgas prints a new cycle low of $3.42.
sp’60min
VIX’60min
Summary
S/t equity momentum turned positive, but we’re set for a divergent lower cycle high (relative to Monday)… ahead of Thursday’s CPI.
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notable Dow component: AAPL
Leaning upward with the main market. $137s resistance.
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notable health: UNH
UnitedHealth… catching some buyers, ahead of Friday earnings.
Cyclically very low, as the setup favours the bulls into next week.
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notable strength: RIVN
Whilst ‘Beneifer’ have been seen providing donuts and coffee, and then driving home in a Rivian, the stock is 100% m/t horror.
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notable miner: GOLD
Early gains… fully faded.
Gold itself printing a new cycle high of $1890.
A spike >$1900 is clearly viable on Thursday, but I’m doubtful it would hold.