12pm update - battling slowly higher

The smaller 15/60min cycles are looking overstretched, but there is very little downside pressure. Bears look powerless until later this week. VIX is back to flat, and the 13s look viable Tue/Wed. Metals and Oil are a touch weak.


sp'60min

Summary

There is little to say, on what could be the quietest trading day of the year.

Regardless of any minor down cycle this afternoon, the 1675/85 zone still looks set to be hit.
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The hysteria stocks are doing particularly well.... FB, +2.8%..in the high $41s.


VIX update from Mr T



time for lunch