12pm update - another boring day

The main indexes are struggling to moderate gains, with the sp' slipping back under 1680. Generally though, its a pretty dull day, and the market is now waiting on the Fed beige book/report at 2pm. Metals are very weak, Gold -$21


sp'60min

sp'15min

Summary

Smaller 5/15min cycles are indeed rolling over, but a daily close under yesterdays low of 1671 looks unlikely.

Today certainly does not feel like May'22..or June'19. Bears are still weak, and primary trend remains to the upside.

time for lunch


VIX update from Mr T



back later