12pm update - market churn

US indexes are mostly holding moderate gains, with notable weakness still in the R2K. The sp'500 has fair opportunity of a daily close in the 1985/90 zone, but that currently seems more unlikely until at least tomorrow. VIX remains crushed in the 11s.


sp'daily5

Summary

Suffice to say... minor chop..but we do have gains for most indexes, and with new historic highs..the bears have nothing to get excited about.. and that includes the R2K.

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VIX update from Mr T.


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time to cook


12.35pm.. market in melt mode.. sp'1981.... a new high would be pretty bullish... along with R2K 1160s.

*I was just pondering on the R2K upside target...1280s would be a minimum.. 1300s seem pretty reasonable.

Great huh?