1pm update - want to go long here?

The main indexes are continuing to build gains, with the sp' on the border of the 1640s. Bears should be seeking some weakness in late afternoon, with preferably a close <1635. Bulls really have no justification to get confident until >1650.


sp'daily5

Summary

Well, the more I read, the more bemused I am at the bullishness out there.

According to consensus, yesterday was the capitulation of the wave from 1709, and now its up up up.
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It would seem Mr Market has completely forgotten that the planes are being readied in their hangers, and the missiles are being prepped.

but hey...Oil >110...thats a good thing...right?