3pm update - climbing into the weekend

The main indexes are battling higher for the fourth consecutive hour, and the morning low of sp'1676 is looking a fair way down. Bulls should be content with any close >1685, which still opens the door to 1710/20s next week.


sp'60min

Summary

For the bears..a frustrating end to the week.

My best guess remains..a small sub'5 next week..and that will complete the past 5 weeks of utter nonsense.

As many are starting to project, Aug/September could be pretty volatile, although VIX 30s still seem almost completely out of the range of possiblities..

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Not the best day for EXPE, after somewhat poor earnings.

If the main market tumbled back into the mid sp'1550s by early September, it will be interesting to see how far EXPE can fall. Target zone would be somewhere 35-30.