10am update - tired market

The market has opened with some micro-chop. Hourly indexes look rather exhausted, after a 93pt rally from the sp'1560 low - a mere 12 trading days ago. Precious metals are already starting to cool down, but Oil is holding significant gains in the $105s


sp'60min

vix'60min

Summary

Hourly index/VIX charts are offering latter day downside.

However, I sure won't be shorting this, whilst the primary/mid-term trend is clearly upward.
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*there is an obvious gap at the sp'1632/30 zone, that might be hit Thurs/Friday, and would be  valid place to go long.


10.23am...support failed..hence the little snap...

sp'1min

Target is sp'1630 by late Thursday.