2pm update - afternoon minor battle

Market now seeks stuck at 1595/96, and the VIX is still holding fractionally green. USD is still moderately lower. Precious metals holding slight gains, but they sure don't look good for the mid-term. Oil remains particularly weak, with further declines likely into tomorrow.


sp'60min

vix'60min

Summary

Hmm...the 1597.35 high..is indeed holding.
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Yet, there is always the underlying pressure of the 'latter day' ramp..fuelled by a moderate POMO earlier today.
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Two hours..to close red....possible... yes...but somewhat unlikely.

*i will merely hold short Oil...into Friday.

Bears just need to break <sp'1591..  hourly charts are set to go bearish within 2-3 trading hours..so its possible we might see a little weakness into the close after all.

UPDATE 2.17pm...indexes..sliding a touch..and the VIX is confirming it.

Will be interesting to see how we close.