3pm update - bears struggling.. as usual

The main indexes are holding moderate gains, and with the QE fuel continuing, equity bears just lack any downside power. Hourly index charts are offering a rollover (still), with downside to the sp'1730s within the next few days. Certainly, the notion of sub'1700s any time soon..seems next to impossible.


sp'60min

Summary

Well, the closing hour..of what has been a very subdued day.

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However, we do have earnings at the close, most notable of course...TSLA. A stock that remains wrapped in hysteria...

take your pick..$200 in AH..or $130s?

Certainly, the immediate trend is UP...but are today's buyers about to get nuked?


3.09pm .  Trans +1.1%...7123...incredible. Remember when the 7000s seemed 'crazy talk' ?

3.38pm.. VIX 13.01....a close in the 12s would be another little victory for the bull maniacs. Weekly/monthly VIX charts are offering the 11/10s in the current multi-week cycle.

TSLA, holding 7% gains. @ 173.  Looking for some wild moves in AH, once earnings are out!


3.51pm... Trans/R2K indexes.. both gains of around 1.1%...disturbingly bullish. No doubt the TZA holders are having another bad day.