3pm update - melt into the weekend

The smaller 5/15/60 minute index cycles are all offering moderate upside into the Friday close. The sp'1690s remain viable, not least with such quiet trading conditions. Metals are weak, with Gold -$9.  VIX is +0.6%, but more than likely, will get whacked lower into the weekly close.


sp'5min

Summary

A mere 6pt trading range so far today. The 1690s won't be easy, but how many times have we seen the bull maniacs ramp into the close? Ohh, thats right...I refer anyone to the closing 5minutes of Wednesday.
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Regardless of 1680s..or 90s, market looks set to close with the weekly charts looking strong for next week.


3.42pm.. sp'1687s....the 1690s look unlikely now..but still. that is more than enough to set up next week for the bulls.

*look for VIX to get whacked lower in the closing few minutes!