3pm update - slight weakness to conclude Q2

The smaller 15/60min cycles are suggestive of a little weakness in the last hour of Q2 trading. A close <sp'1600 looks out of range though, and the bulls should be relieved at this weeks considerable ramp. Bears still have the weekly cycles on their side though, ..just.


sp'60min

vix'60min

Summary

Well, its been a long week, and a tough quarter for the bears, and unquestionably, the first half of the year has been vastly on the bullish side.

I can only hope the market sees some serious volatility in Q3/4, if only to offer some good cycles to trade.
--

*I will hold heavy-short across the weekend.

Something for the bears to look to, as possible indication of weakness early next week...

Oil...weak

Oil has often been a leading indicator, and so far, its still failing to break the big $100
--

3.11pm..well, there is a touch of weakness...sub 1610.

Arguably, anything <1610 should be enough to at least calm those bears terrified of closing >1625/30 (including yours truly).
 -

3.35pm.. sp'1614s, hmm, a ramp into the close to 1620s would be a real annoyance.

Who wants to hold long across the weekend? Although I realise, the same can be said to those on the short side.