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Minor stalling out, yet not much directional guidance

Fractional gains this am in Futures, while most of Europe is also mildly positive and Asia finished mixed.  The key developments over the last 24 hours seem to revolve around Treasury yields starting to turn higher again around the globe, with US TY Yields back up above 1.77, while German Bunds are back to positive at +-.03 bps and UK Gilt yields above 1.10..  along with the NDX having moved back to new high territory though still much work to be done with both the SPX and NASDAQ Comp and DJIA.. WTI Crude and Gold both fractionally higher this am while the US Dollar index is largely unchanged, with little volatility in most of the majors vs USD-   Overall, despite the mild bounce we've seen in both SPX and DJIA, the structure remains choppy, overlapping, and from a Wave perspective, still largely unconvincing just yet of any sort of Bullish move underway  in most stocks and still less than 40% of all stocks are trading above their 50-day ma..  For today.. earlier overnight highs near 2149 have importance, but over would drive prices up to 2155 which should be a level to sell into-   On the downside- Yesterday's mid-day lows at 2140 have some importance, and then first pivot support lies down near 2136-  One should continue using Gold and silver mining bounces to sell given Dollar and Yield gains, along with considering trimming longs in Emerging markets-  Financials should be watched carefully given XLF on the verge of breaking out, but for now, Tech and Financials haven't been able to carry markets back to new highs.. (at least SPX, DJIA, nor NASDAQ comp for that matter)  Gains this am in PG, YNDX, BHI, SWFT, PSTI while on the downside-  DPRX, CALA, NLSN, BPL, CRZO.  Let me know if you have any questions

S&P hourly structure still shows this to be a "DIFFICULT" area for prices , near-term

S&P hourly structure still shows this to be a "DIFFICULT" area for prices , near-term