3pm update - melting into the weekend

US equities are melting higher into the weekend. A daily close in the sp'1970s is still viable, although is certainly not necessary for the bulls. VIX is similarly in melt mode...to the downside.. a close in the 11s is just about possible.


sp'60min

Summary

Not much to add.

Aside from yesterdays opening drop, it hasn't been a particularly bad week for the US markets.

Sure, we're going to close with net weekly declines, but...the market as a whole, is broadly fine.
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I'm tired....back at the close.


3.40pm.. Market trying to break into the 1970s... which is pretty impressive.

We have an arguable break of downtrend....and maybe that is why we're seeing a bit of an extra kick higher.