1pm update - is it Friday yet?

The sp'500 fractionally breaks the recent 1597.57 high, although other indexes are not yet doing the same. The trans/r2k are indeed significantly below their Tuesday peaks, and are looking a touch weak this past hour. VIX looks floored in the upper 13s.


sp'60min

vix'60min

Summary

*Did you see the previous video on the Kondratieff winter? Highly recommended.
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It remains a tough day...it feels like we're back to trench warfare again. Its a POMO day - as almost all are, and the free money is helping to give things an extra kick higher.

Without question, tomorrows monthly jobs report will be critical in shaping the market for the next few weeks. Bears will arguably need a number <80k.
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VIX update from Mr T



It would seem some of the big money thinks the market won't be breaking lower until at least after mid June.

1.32pm..sp'1598.46...the big 1600..so very close.

Other indexes are ALL below their recent highs...well, except for the Nasdaq.