3pm update - relentless melt

The algo-bot march higher can not be stopped..at least not across the longer term. The volume is near zero of course, but since when does that matter? Regardless of any near term retracement...the trend is powerfully higher, lead by the old leader...Transports.


Trans, daily

sp'daily5

Summary

It has to be said, but this is becoming bizarrely funny. How many more days of this? 1, 10, 100, 1000 ?

The VIX daily chat is offering a little burst higher across the next 8 trading days but..we'll doubtless get stuck somewhere between 16-18..and the latter is of course going to be very hard to reach.

Back after the close, not that there is much to say.
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