3pm update - weakness into the close

The main indexes are generally holding minor declines, and a micro-snap <sp'1720 looks viable in the closing hour. Metals are holding flat, whilst Oil is -1.4%. Despite equity weakness, VIX is -1.9%. The bigger weekly chart looks very strong for next week.


sp'daily6

Summary

Without focusing on the smaller cycles too much, the daily chart is clearly trending upward, but we're in the twilight zone of over-stretched.

Best guess, early Friday, a retracement down to around 1714/12..before 1730s next week.
--

*I am on the sidelines, will look to go long tomorrow..if the price action looks okay.

RIG..a rather sig' decline.

 --

*for those in Europe...go look east...Big moon rising!  Thats bullish...yes?-


3.14pm.. ohh lookie...clown finance TV wheeling out Buffett at 4pm..with secondary cheerleader..Ms. Quick.

Notable mover: AAPL +$10 in the $474s.
-

3.39pm.. sp'1723, with VIX battling to the hold the 13s.

Things look on schedule. Minor low early tomorrow..then up..up. up,