11am update - headed upward

Equity bears look particularly weak this morning. There is little between now and the start of December for the bears to look forward to. Upside target zone by early December is sp'1810/20. Metals are weak, Gold -$5, but Gold/Silver both look prone to a minor bounce into Friday.


sp'60min

SLV, daily2

Summary

Not much to add...things broadly going as expected.

A close in the 1790s looks likely, and that opens up new highs for next week.

VIX told the real story yesterday, not least with a few spiky-top candles on the hourly chart.
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Notable weakness, RIG, -3%, probably just retracing to the $50 threshold before next up wave.