11am update - underlying pressure remains upward

Despite a touch of weakness after the opening jump higher, the bears have no downside power, and the market is battling to break new highs. VIX is a touch lower, although that is still impressive considering the index gains. Metals/Oil remain weak, despite a moderately lower USD, -0.4%.


sp'60min

Summary

All things considered, I'd be very surprised if we close red today. Indeed, I'm guessing there is a very reasonable chance we'll close strongly >sp'1705.

Weekly charts look pretty strong, but as ever..bulls have to keep pushing..and break new index highs..or the bears have a small 'sell the news' opportunity this Wednesday.
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Notable movers: AAPL, and FB, that latter has seen a strong reversal to the downside.
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*I am content on the sidelines, after exiting index-longs @ sp'1703.
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UPDATE 11.01... Hmm, the R2K is looking especially weak, having lost over half the opening gains.

Kinda interesting.