12pm update - bulls trying to resume the up trend

The main indexes are moderately higher, with the sp' back over the 1700 psy' level. VIX is showing a market with little concern about debt ceilings/govt' shutdown, -1%, back in the 13s. Precious metals are building on earlier strength, Gold +$13.


sp'60min

Summary

So...we're a little higher after breaking new lows.

Considering the bigger weekly trends, this market is prone to another multi-week wave higher starting at any point.

*I remain long, will look for an exit late Friday in the 1720s...if possible! Although the bigger target is 1750/75 for October.
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A rather amusing Schiff video...



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time for lunch