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Breakouts in Both directions fail, as S&P churns ahead of BREXIT decision

Little more than 2 hrs remaining S&P slipped briefly down to negative, as most of Europe also gave back half of its gains into the close-Transports remain notable laggards, while IWM also down 0.36%.  Yesterday's tech strength being given back today while still seeing strength out of Semi sector- US TY YIELDS have begun to weaken back after having just gotten back over 1.70, and now back below today.. While 2, 5 yr still above and Notable compression right now in 5/10 curve.. Big developments today are the Healthcare move with XLV having exceeded Downtrend from early June, while WTI Crude has slipped and selling off nearly 2% which is serving as a drag on Energy--  Tough to see much conviction ahead of tomorrow's UK vote, but important to note that markets have largely digested much of this, uncertainty and with everyone suggesting it should be CLOSE.  Even a BREXIT would likely only cause temporary pullback in stocks, and tough to argue that this isn't factored in at all.  Whereas a BREMAIN causes strength, largely due to Doubt being removed and source of stress for mkts is gone with focus back on the Fed for July-  Overall the positive effects of both healthcare and Tech of late while Advance/decline recently moved back to new high territory with good breadth and momentum are reasons to suggest buying dips if given the chance tomorrow and expecting that prices likely push back to highs..   Breadth right now about Even.. mixed.  Biggest gainers today NFX, REGN, CELG, URBN, ABT, DGC, and 6 of the 10 TOP gainers are Healthcare related.  On the downside- ADBE, HP, SWN, FDX, WMB all down more than 3%-   For now, S&P got down to initial key support at 2077 in Futures and has bounced. 2091 being important now on the Upside-  expect further range-bound activity until more details emerge about tomorrow

Both Breakout and breakdown attempts have failed and mkt still very range-bound ahead of tomorrow-  Bias is for higher prices and for pullbacks to prove brief..  2077 on downside and 2084 on upside

Healthcare move quite constructive today, with DRG, IBB, XLV all making key progress to multi-day highs from lows of the range

5s10s curve flattening out pretty substantially as 5 yr yields have held up after regaining their range, while 10 yr back under 1.70