11am update- bears on the run

As expected, the market is inexorably climbing higher again, and the sp'1700s are a mere 4pts away. The 1710/20s look a very viable target within the next 1-3 trading days. Metals remain very weak, with Gold now -$16.


sp'60min

GLD, daily

Summary

There is no reason to believe 1700s aren't viable in the next hour or two. Bulls are in control...and what bears are out there, are simply seeing their short-stops triggered.

--
So..lets see how high the maniacs can drive it today.

I'll only consider an index short late today..if the market is at least >1710.

*will be interesting to see how rattled the cheer leaders on clown finance TV get, in the next multi-week down cycle.