10am update - underlying upside

Sp' has already marginally taken out the Friday high. Underlying pressure - especially seen on daily charts, is swinging full back toward the bulls. Metals remains a touch weak, Oil looks set to test the big $100 later this week.


sp'15min

sp'daily5

Summary

*I bailed on a small index-long block at the open, will pick up again later, on the next minor down cycle.

--
So, we've opened higher, and with the daily charts looking strong, the bulls are back in control.

There is significant chance of minor pull bull during today, but that merely makes for another long-entry opportunity.
-

There now seems little doubt this market is going higher into mid-July.
-

10.23am   sp'1643...looks like we're stuck.

SLV, silver looks weak, and set to fall into the afternoon..

Oil just went red..surprisingly. Hmm


10.36am.. interesting that despite the equity gains..the VIX is only -2/3%. Probably due to the looming FOMC.