2pm update - time for some fedspeak

US equities continue to largely churn ahead of the fed press release. Mr Market is no doubt looking for an excuse to trigger the sp'2000 short-stops.. of which there are very likely a significant number. Any daily close in the 2000s would offer clarity of a straight run to the 2040/60 zone.


sp'daily5

Summary

Well.. little to add... lets see what the market makes of the latest nonsense from PRINT central.

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notable hyper-strength/reversal in NFLX...

5min

... on reports it will raise the price of its monthly package by $1. I've long thought NFLX is under-pricing itself, and given another 3-6 mths.. then talk will be when the next price hike occurs.



yours.. bullish Jessica Jones
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2.02pm.. and a break above sp'2000.... with VIX flash printing to the 16.34s


2.05pm. .sp'2002..   next soft target is 2010/15..   . after that.. 2040/60  zone.

Again, the bigger issue is whether a monthly close >2050... but then.. you regular readers know that.. yes?
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2.19pm..

sp'weekly2

A green candle is not to be taken lightly.... bodes for 2040/60.. before end month.