1pm update - afternoon micro chop

The main indexes remain very subdued, with the sp' holding flat around 1770. Metals - along with miners, remain weak, with Gold -$5. Oil holding moderate gains of 0.7%. VIX is simply melting lower, -2.5% @ 12.58.


sp'60min

sp'daily5

Summary

To be clear...I think there remains small chance of a retracement to the low sp'1730s...but in my view..the short side is untradeable right now.
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The rising 50 day MA..and weekly 10MA..will both be offering STRONG support in the 1730/10 zone for the rest of this month.

I simply can't see sub sp'1700s for the remainder of the year.
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