3pm update - chop into the weekend

US equities remain moderately weak, with the sp' having broken a new cycle low of 2046. VIX remains notably red, -5.0% in the low 18s. Metals are cooling from earlier swing gains, Gold +$2. Oil remains very weak, -2.4%.


sp'60min

Summary

Little to add.

Hourly cycle is offering a turn, but I can't take that seriously as a key floor.
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Seeking a hit of the 50dma.. along with gap support (especially seen on the R2K).. equivalent to sp'2040.. very likely on Monday.
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back at the close.. to wrap up the holiday week.