Nearing the later months of Summer, can’t believe I have to say that, big earnings out of the way and the Fed holding rates, I believe we’re in for a grind higher. Unless we take out January the possibility to stay range bound with support of 2800 is pretty good.
The VIX is giving clues to this as has been forming a falling triangle (they break to the downside more than to the upside) ever since the big spike in Feb.
On to Crude, bias still remains to the downside towards 64.50 area unless it can get above the 69.60 level.
Its early but Copper is starting to show signs of a stronger bottom. MACD is close to ticking positive. Just keep on eye on daily closings above the 8&21days for confirmation.