10am update - just a bit more

The bulls have managed to break into the sp'1700s, and the door is now open to a very likely cycle top in the sp'1715/25 area. Oil is soaring +2%, whilst the precious metals are really the only weakness out there, Gold -$2. Market is getting rather close to maxing out ;)


sp'60min3

sp'daily5

Summary

So..the bulls manage to keep things simple, and jump the market into the 1700s early on.

Now its just a case of when we hit the target zone of the 1710/20s.

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The higher we go, I think bears can fine tune a pretty good entry for this sub'5 wave.

Without question, there is NO need to be shorting today...not least with the jobs data tomorrow.

If the market spikes early tomorrow, into the 1720s...I will be hitting buttons.
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The good bear...is the patient bear.