sp'60min
Summary
The market has seen an effective 50% retrace of the wave from 2081/1812, having climbed across 9-10 days.
It would seem we could now see at least 2-3 days of chop before resuming higher into next week, when the 1970s look viable.
Broadly, things look on track... not least on the far more important bigger weekly/monthly cycles.
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early movers...
GOOG +5%, on clearly good earnings
CHK, -3%, RIG -3%, SDRL -6%
TWTR -3%
TVIX +5%, certainly far stronger than yesterday, relative to the current equity declines
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Overnight action..
Japan -0.6%
China: +2.3% @ 2749
Germany: currently -1.2% in the 9600s. The 10K threshold looks out of range.
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Have a good Tuesday