1pm update - afternoon chop (probably)

Mr Market is holding together very well. The early pullback seen this morning may already be complete, and if that's the case, the bears are going to be real moody as we grind higher into midweek. Dollar is weak, VIX looks maxed out, and AAPL is +$17. This is not a bearish day..in the least.


sp'60min

dow'60min

Summary

I've tightened up the channels on the hourly charts, so that should help for later this week.

Its difficult to call how we'll close, we could yet close at the lows of the day in the mid 1390s, or even close green. Its too hard for anyone to guess really.

What is clear, the daily cycle is still ticking higher, and last weeks weekly candle suggest 1425 is almost guaranteed.

I remain resolute...seeking sp'1425, with a major reversal, this Wed/Thursday.