3pm update - bulls closing the week

Equity bulls just need another 2pts to flip the weekly charts back to outright bullish. Mr Market is right back to the mindset of the past few weeks..it just doesn't care. Underlying upside is clearly apparent in the hourly charts again. VIX is melting into the low 16s.


sp'60min

VIX'60min

Summary

It looks like the bears have pathetically failed..again.

The market simply does not care about the shutdown...and everyone realises the US won't default. Once that issue is out of the way, its a free run into next spring.
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*ohh, and yes, I'm naturally now getting ground down on the short side. The last two weeks have been a complete waste of time, never mind the cost.
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Congrats to those who were boldly buying the latest dip yesterday! Clearly, some are ending the week well.
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3.51pm...minor chop in the closing hour, but hell..bulls owned today..and arguably the week.