sp'60min
Summary
It remains a rather quiet day, and with the momo stocks..nor metals showing the downside action of yesterday, its kinda..dull.
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Hourly index cycles look floored in the mid 1780s..and I have to guess we'll be battling higher for the rest of the week.
Next week is a holiday week of course..so..don't expect anything significant either way then.
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A case of 'turn off ya screens' until next year?
...for the equity bears.....yes.
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3.04pm..ohh lookie.. its queen cheerleader Bartiromo...just 4 more days left for her on clown network'2.
Has anyone ever watched Fox business? Hell, I can't even get it on satellite here...the horror!
VIX looks maxed out..at declining resistance..and set for another multi day wave lower..probably all the way into the Friday close.
3.19pm... UAL ceo appears on clown TV, that has to be good $1 on the stock, lol
market rallying...somewhat into the close. ..as expected.
It is always good to see the market 'behaving itself' in terms of the intraday action.
3.33pm..I really shouldn't be surprised, but the level of ignorance by CNBC 'contributors' is astounding.
Just had some idiot woman on there touting 'who knows'.. in terms of the number of bitcoins. She actually had ZERO idea what she was talking about.
No doubt the zerohedge doomer maniacs will be on her case this evening.
3.44pm..hmm, a touch of weakness, but the earlier low of 1784 is still holding. Things only get interesting with a move into the 1770s..and that still doesn't look likely right now.