1pm update - tricksy market

The hourly index charts are offering significant upside into Wed/Thursday. One further new high into the sp'1720s looks very viable. Precious metals remain weak, with Gold -$17. Oil is similarly weak, -1%, but will likely recover with the main market.


sp'60min

Summary

Any doubt now? It certainly looks like this was a sub'4 of a final fifth wave.

If so...we have general upside into tomorrow, and possibly early Thursday - when there is a sig' QE of $3bn.

The sp'1720s as an index short level..remain the target.
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*yours...wrapped up in ATX power/SATA cables. Urghh


VIX update



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