1pm update - battling for the 1800s

Mr Market is battling pretty hard to hold the moderate gains. The sp'1800s look unlikely today, but they sure look viable tomorrow/early next week. Metals are seeing a slight bounce..with possible follow through early Friday.


Sp'daily5

Summary

The price action on the daily chart looks like a very clear small bull flag..a sub'4..and now we're in a sub'5..that will probably last across most of next week - when the market is shut for 1.5 days.
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*the bounce in the metals is pleasing to see. I'd like a little further upside early tomorrow, before picking up that SLV short again
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RIG remains weak..downside target is 50/49..before much higher levels into the spring.

stay tuned!