12pm update - market holding together

Despite the weakness this week, the market looks comfortably capable of closing the week in the sp'1550s. USD is starting to slip lower, Oil is holding moderate gains, whilst the precious metals are still trying to form a solid floor.


sp'60min

sp'daily5

Summary

Near term trend looks upward. Whether we close in the 1560s I don't think matters for the bulls. Anything in the 1550s will be enough to keep the door open to a brief spike high in the 1570s next week.

VIX looks weak, I'd be surprised if it closes green.

update from Mr T.




back at 2pm