11am update - minor down cycle complete

The main indexes have seen a touch of weakness, and the small 5/15min cycles look floored at sp'1687. Precious metals and Oil are moderately lower, with the VIX +4% in the low 13s. It will be interesting to see what the bulls can manage across the rest of the day.


sp'15min

Summary

Another instance of the bears managing a decline, but its so minor as to be considered nothing other than mere noise.

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Primary trend remains to the upside, as best seen on the weekly index charts.

Best guess..1710/20s...by early next week.
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*I holding long via SLV, weekly charts for the metals look pretty bullish into August.
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stock of the day...VMW..

Very bullish, with a break over the 200 day MA, next target is 90/92.