US equities open moderately higher to print a new cycle high of sp’4448, but we’ve a reversal underway. Some cooling to settle around 4400 for quadruple witching would be pretty natural.
sp’60min
VIX’60min
Summary
4400 is only 30/40pts down, and I’d argue it doesn’t merit getting involved… ahead of a long weekend.
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notable stock: TSLA
Early gains, but closing net higher won’t be easy.
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notable reversal: MU
A rather extreme early reversal.
News: $1bn investment in India.
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notable Dow component: MSFT
A new hist’ high, but also reversing lower.
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notable stock: ADBE
Opening gains, but that is a black candle. RSI >80… not sustainable.