sp'60min
vix'60min
Summary
So, we're set to open a touch higher. Those bears seeking a significant gap lower are obviously going to be annoyed, before the week has even started.
*Nikkei closed up almost 5%, which is the biggest move in over two years (according to ZH). I'm kinda surprised US futures aren't much higher.
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Today is arguably day'3 of a new up cycle. As I will keep stating, the big issue now is whether we put in our first lower high, or break >1687.
Considering the primary trend is still up, you'd have to default to the bullish side.
As ever though, one day..at a time.
yours...
3000 posts and counting.
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*I am heavy long, seeking an initial exit this morning, and will look to go long again late in the day/early Tuesday
UPDATE 9.33am... EXITED heavy index longs.
We could easily just keep going up into 11am, but I want out.