2pm update - due a rollover

US equities are holding borderline significant gains, but market looks to have maxed out just under the March'30th high of sp'2088. Some degree of weakness into the close looks highly probable, although equity bears can't get overly excited until back under the 50dma of sp'2073.


sp'60min

GLD, daily

Summary

*a notable black-fail candle Gold (and Silver)... bodes for renewed downside later this week.
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So... we've held just under the sp'2088 high, but it'll take a fairly sig' down wave into the close to get back under the 50dma.

All things considered.. the next hour is prime opportunity to exit longs and/or re-short.. as the smaller 15/60min cycles are arguably maxed out.

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Notable weakness, airlines, DAL -1.7%, UAL -2.9%.. .as oil prices soar, +5.1%