3pm update - closing hour churn?

The market is still stuck under 1465, but just keep in mind we were trading @ 1398 at the Monday open. We've come a long way this shortened 4 day week, and even if we flat line all of next week, the broad trend will still be to the upside - as the monthly charts now all support.


sp'60min

sp'monthly2 - Keltner

Summary

Unquestionably, ALL cycles are now bullish. All that is missing is a break of the SP/Dow/Nasdaq above the mid-September highs.

As has been the case on many occasions, it is the Transports and Rus'2000 small cap indexes that lead..and they sure have lead the way this week.

*looks like the VIX will close in the 13s, which would be the lowest level since last August.
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3.25pm UPDATE

Well, we have 1467..and in my view, thats it for the bears..

 sp'1490/1510..seems very likely now, sometime in the next few weeks.

Incredible to think that sp'1500s..with VIX 12/11..perhaps even lower...real soon.
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Isn't it great that the global economy is fixed..not least the US/EU fiscal issues!

back after the close.