11am update - morning chop

Despite some minor morning chop, it remains notable that the sp'500 has already broken back into the 1940s.. less than 1% from breaking new historic highs - which seem likely this week. Metals remain weak, Gold -$2, whilst Oil is holding minor gains of 0.2%


sp'60min

Summary

Little to add... it remains a bit choppy, but the underlying upside is there to be seen.

Rest of the day is merely about whether we close in the 1940/45 zone...or broadly flat.
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VIX remains stuck at gap-resistance.. and looks set to melt lower into the next FOMC announcement of Wed' afternoon.


notable weakness: coal miners, with WLT lower almost -5%.   the reaper..awaits.