2pm update - afternoon weakness?

The market is still holding onto moderate gains, although we appear somewhat stuck. The VIX looks floored, and upside target zone remains 16/18. An index retracement of around 2% is not exactly too bold -or bearish an outlook across the next 2-4 trading days.


dow'60min

vix'60min

Summary

A new treasury secretary...thats bullish right?
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For the new 'serious' bear money, the obvious last short-stop is sp'1474/75. Any price action over that level, and we could quickly be trading in the 1480/90s.
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*I remain annoyingly short from 1457, still seeking an exit @ 1445/40.