2pm update - tiresome day

For the bears, this wave higher from sp'1560 is getting truly tiresome. Certainly, 1620 is proving to be a significant level of resistance, but momentum is still on the bullish side, and bears look unable to close <1610. VIX remains weak, and the 20s now look out of range by the Friday close.


sp'60min

sp'daily5

Summary

Hmm, what to say?

I knew the 1620s were a distinct threat when I went short yesterday morning, and this is perhaps the most annoying 1% index gain I've experienced in some months.
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as noted earlier..at least there is no sig' QE tomorrow.


2.07pm.. more carnage in the Gold market.

$900 Gold would appear likely 'eventually'.  as a multi-year low..before the next push.
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