sp'60min
sp'daily5
Summary
So, we're opening somewhat higher, back into those 1550s. Frankly, the bulls really only need to hold the low 1550s for the close, and that would at least still easily open up the 1570s for Mon/Tuesday.
Unless some news update from Cyprus upsets the market, we ain't going lower today, certainly the 1538 low should hold.
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*I exited USO (long Oil) at the open
The opening black candle on the 15min, not exactly the most bullish of starts, I'm out of that. Could certainly go a lot higher by the close, although I won't be meddling with it again today.
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Long SLV at the open, seeking exit in the low 28s
VIX 60min
VIX hourly is offering a reversal candle, but unlike SLV, I don't much trust this one. VIX could easily close in the low 12s, even the 11s if the market can ramp into the weekend at a new high >1563.