2pm update - minor gains

US equities are looking a little tired, but still a touch positive. Regardless of the exact close, it remains a case of no downside power. USD is -0.2% in the DXY 95.20s. Gold remains somewhat weak, -$6, whilst Silver is u/c. Oil is set to close with sig' gains of around 3%.


sp'60min

Summary

Hourly equity cycle is offering a wave lower... but really... where is the downside power going to come from?

Clearly, there will be 'holiday issues' tomorrow, but still.. its hard to envision any move <2120.

... and keep in mind, by mid June, both weekly/monthly cycles will be offering 2170s.

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Meanwhile... its a rather reasonable summers day in London city...

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back at 3pm