12pm update - bears seeking full reverse

The opening gains have again failed to hold. That is the fifth time out of six days. The main indexes are a little lower, with the VIX..a touch higher. Most interesting aspect so far today is the strength in the dollar, with a corresponding significant weakness in commodities.


sp'60min

sp'daily5

Gold, daily

Summary

Bears should be seeking a close <1412..which would provide a VERY significant bearish engulfing candle, and that would open up yet another challenge of the 1397 level early next week.

With 4 hrs left of this short trading week, lets see if the bears can pull off a surprise reversal victory.

back at 1pm