3pm update - the melt

A quiet afternoon, but as ever, low volume allows the algo-bots to more easily melt the market higher. Certainly, the gains are small, but for the bears..its just relentless slow pain.


sp'60min

Summary

*its not labelled on the chart, but you could argue thats just a large bull flag setting up on the hourly index chart.

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The 'melt' is unquestionably largely due to the bots.

I sure don't expect the SEC to do anything about that...so even if 'somehow' the doomer bears did get their major lower..whether this year..or next...the bots will still be there..ready to melt it all back  higher.
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*Oil..and metals climbing in the past hour..will be interesting to see where they close.

back..after the close.