US equities are significantly higher, as the sp’3700s aren’t far away. VIX is yet to break <20, but it seems probable. All that the bulls are lacking today are higher energy prices.
sp’60min
VIX’60min
Summary
New territory makes the only resistance purely Psy’ levels, such as 3700, 3750 etc. Tom Lee’s 3800s look within range in the very tail end of the month/year.
–
notable Dow component: AAPL
Broader price structure of a bullish pennant is playing out… very similar to the SPX.
–
notable weakness: ZM
Yesterday’s black candle certainly played out in Zoom, which is battling to find a floor.
—
notable energy: SLB
Higher with the sector. Price structure is a bull flag, offering the June $23.s
time to check on the cheerleaders…