1pm update - bulls trying to battle higher

The main indexes are holding moderate gains, and with slight upside bias - seen on the bigger daily charts, bulls look set for a Friday close in the 1665/70 zone. That will easily open up the 1680s next Mon/Tuesday. VIX is simply melting lower into the weekend, -3%


sp'60min

sp'daily5

Summary

Things are looking on schedule.

*a number of people out there are seeking a RS, of an inverse H/S..in the 1650/45 zone, but that is looking less likely by the hour.

Bears had their chance this morning....and failed.
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The simple thing..in my view..just wait for the 1680s..then start hitting buttons.

Good downside viable...not least if the 10yr yield can break to 3.25%