2pm update - another weak close?

Considering the endless weak closes, we are surely due one where we actually rally (even if only a little) into the close. So far today though, there is no sign of that. Again, this market is just so weak.


SP'60min

Summary

So, by the end of next Wednesday, bulls will 'only' need to see 1320s to confirm a break higher. Even then, it could take some days to secure the floor before breaking higher. The first natural target on any break higher would be 1340 - the old support level from early March. A move over that, and we would advance into the 1350/60s.

More later...despite it being so quiet.