3pm update - an important daily close

The bulls are battling, somewhat desperately into the close, trying to hold the mid sp'1630s. VIX is higher, but only 2% in the 17s..certainly nothing for the bears to tout as anything other than 'slight concern'. Smaller cycles look floored, with upside bias into the close.


sp'15min

sp'daily5

Summary

Well, despite what is a significant morning failure for the bulls, with the 1627 low holding, I will hold to the original outlook of moderate upside into the 1660s by Thursday morning.

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*meanwhile..in permabull land...



Oscar is understandably similarly confused about the near term.

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updates into the close...


*standing by for clown finance TV to proclaim... 'we're off the lows of the day'.


3.06pm... hmm..battling higher...

Bulls should consider themselves lucky on any close in the 1640s.


3.34pm.. bulls pushing for a daily close in the low 1640s..which keeps open 1660s by early Thursday.