2pm update - bears need to push back

The main indexes are still moderately higher, with the sp +0.5% in the upper 1680s. With two hours left of the trading week, equity bears should be desperate for a flat close, with a VIX back in the 17s. Metals are back to weak, with Gold -$9. Oil is starting to slip, now just +0.4%.


sp'60min

sp'daily5

Summary

Two hours is plenty of time to cut the market back to a flat close..or even a touch red.

Bears could do with a news report to unsettle the market into the close. Hopes huh?
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The Dow - which remains the weakest index, is still looking moderately bearish on the weekly charts.

First downside target remains the Aug' low of 14760, and then the 14400s.