1pm update - battling higher

The market is looking increasingly bullish, a daily close in the sp'1630s would really help to clarify things. VIX is consistently cooling down, and appears to have put in what is arguably a double top in the mid 18s. Bulls should seek a weekly VIX close <16.


sp'60min

vix'60min

Summary

Its starting to look rather good for the close, and across all of Friday.

Even the Transports and the R2K are starting to pick up momentum now.
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*I remain heavy long the indexes, will look for an exit in the sp'1630s.


1.05pm.. sp'1624s,  hourly charts due to go + cycle, this hour..or next.

sp'1630s viable...by 2pm.