Watching the SPY on the hourly and it appears to be in a H&S pattern at the moment.
Bull above 440
Bear below 429
Bull - US10Y goes above the 200 MA, less bond buying and DELTA variant isn't an issue
BEAR: Delta variant, inflation, US10Y drops below 200 MA
Bull above 440
Bear below 429
Bull - US10Y goes above the 200 MA, less bond buying and DELTA variant isn't an issue
BEAR: Delta variant, inflation, US10Y drops below 200 MA
USA Initial Jobless Claims for Jul 16 419.000 thousand vs 350.000 thousand consensus estimate. The prior reading was 360.000 thousand.
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