US equities are choppy, but leaning weak… and distinctly more so than yesterday. A daily close <4125 would be decisive, and open the door to around 3% lower to the 50dma in the 4030s.
sp’60min
VIX’60min
Summary
Those watching the tick for tick price action should be starting to recognise, its a little more bearish than the prior three days. It simply remains the case… if we settle below the daily 10MA. I accept some use the 13, 12, or other key DMA… or EMAs.
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notable stock: TSLA
Pretty ugly… set to tag yellow gap, whether tomorrow, or early next week.
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notable weakness: F
Not helped by sister Tesla.
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notable trans: UAL
Retracing part of a yesterday’s ludicrous gains.
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notable energy: VLO
Lower with the sector. A daily close under the 200dma would be a problem.