sp'60min
vix'60min
Summary
So, we're going to open a fair bit higher in the mid 1630s.
Certainly, the 1648 high doesn't look possible today, but I'm guessing it will be hit...and surpassed tomorrow, leading to a weekly close somewhere in the 1660/70s.
--
Bears still appear largely powerless, and even when we do gap lower, the declines are never built upon.
-
*I will consider an index and/or Oil (USO) long later this morning. I certainly won't chase the open higher. I'll wait for the next 15min down cycle.
--
Morning video from Oscar...
--
updates across the day
9.40am..market opens as expected.. a touch of weakness out there.. Oil..black candle
No reason why we won't cycle down to sp'1630 again within an hour or two.