2pm update - battling it out

The bull maniacs are still trying to claw higher, but they face stiff resistance in the 1548/52 area. A failure here, opens up a major drop into the close, if 1538 fails...- which I expect, a close near the 50 day MA of 1530 is still viable..with two hours left of the trading week.


sp'15min

sp'60min

Summary

Certainly, this bounce is taking its time.

Bears just need to get back under 1544, and that will open up an anticipated fall into the close.
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*still watching..and waiting. I remain intending to exit near the close, not least if we are <1540.
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UPDATE 2.15pm 1546...just another 2pts..and if we see 1543s...it should be enough to confirm the close will at least somewhat 'weak'.

Bears really need a VIX in the 16s, but that looks kinda difficult.

UPDATE 2.32pm, just what maniac is buying at 1548 right now?

Are they buying the 'bird flu in Asia' news, or 'NK conflict good for building sector' theory?
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