US equities remain choppy, if increasingly prone to cooling back.
sp’60min
VIX’60min
Summary
Price action remains subdued… but that is appropriate for Christmas week.
The s/t cyclical setup favours the bears.
I’d like a gap lower… which would typically drag silver down, if only an hour or two.
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notable stock: NKE
Unable to bounce.
Recent earnings were… mixed.
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notable tech: QBTS
How long until the US Govt’ own 10%?
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notable space: RKLB
$100 is clearly on the menu in Q1
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notable silver ETF: SLV, 60min
Note the opening black candle.
S/t structure is a bull flag.
I remain entirely on the sidelines, vainly hoping for a gap lower, where I’d buy back. The cautious will NOT be buying at this time/price… says the guy who should have bought on Friday afternoon.
back at the close.