2pm update - gap fill in the 1620s to come?

Mr Market remains subdued, there just isn't much of anything going on. An early morning Tuesday gap-fill in the sp'1625/22 range seems possible, so long as we close <1648. Metals are holding small gains, Oil is still battling to close green.


sp'15min

Summary

So..there appears to be moderate 'risk' of downside to 1625/22 area. There is a very clear gap there, and its also where the 50% fib retrace is - of the current 1598>1648 move.

If we do drop tomorrow down to that level, and show some stability, then its arguably buying time again on the long side.
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Until then, there doesn't seem to be any point in getting involved.