11am update - frustrated bears

Those bears chasing the open and adding to new short positions will clearly be getting real mad this hour. Not only have those index declines reversed, but we're now already green on all indexes. My earlier target of 1335 by the close is now easily within range.


Sp'60min

sp,daily, 4month

Summary

Not much else to add...everything remains on track. VIX failed to break 24..again, and so the bears can forget about today being any good.

The hourly cycle is clear, and we are due to go positive cycle on MACD at the start of this hour...and thus further gains are likely...we could easily be dow +50 by lunch time.

*not many people around this morning, I guess most of you are engrossed with your Dimon TV entertainment.
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Time for my early lunch :)