1pm update - bears need to keep a lid on this market

The market looks prone to moving higher in this hour, with the 15min cycle due to jump. The hourly charts are similarly looking very prone to the usual 'latter day recovery' nonsense. Bears need to make a stand here.


sp'60min

Summary

We're seeing the market try to battle higher.

I suppose 1590 is viable...by 2pm..and we could still close in the 1570s..but that sure looks...difficult now.

VIX is higher, but showing no real concern in the market

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I'm kinda tired. urghh...updates....when...i'm not keeling over.


 UPDATE 1.15pm...I'd like a HEAVY re-short in Oil - via USO, next Monday, in the low 33s,

Target exit would be 31/30 by end of next week.

*Gold, Silver charts look broadly the same..looking for Monday jump..and I'll just short it.


1.34pm...sub'wave'2 of this move lower ? A 3 into the close? Hmmm

All those seeking the 1570/60s into Monday had better start their prayers about now.