2pm update - little ramp seems likely

The main indexes are holding gains of 0.5%, although the Trans/R2K are +0.8%. Considering the mornings price action, a further little wave higher this afternoon seems likely.  VIX is -5%, a close in the 11s looks viable. USD looks set to to close the week very strongly.


sp'60min

Summary

Relentless underlying strength, no doubt much of it is resultant from today's 5bn pomo.

A close in the sp'1660s looks very viable.

How about a close of sp'1666, something for the kooks to get all excited about?
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Nothing has changed..primary outlook holds...

Trans, weekly3

The 7000s look viable as early as mid July

2.34pm...and here comes the little ramp.