3pm update - closing the week on a high

The US indexes look set to close the week on a high...with a small chance of the sp' breaching the 1800s. Metals are closing the week..in a subdued manner..with Oil turning negative. VIX remains vulnerable to a closing hour smack down, to settle in the 11s.


sp'60min

VIX'60min

Summary

The recent low of sp'1760 is now almost 2% lower, and even that looks unlikely to be tested for some weeks...perhaps even months.

I see some more top calling out there...which of course..is surely just plain stupid.

Market has nothing to be concerned about (baring a sporadic news 'event')..until January.
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3.25pm.. market making a play for sp'1800 and Dow 16k by the close..on a 'dumb spike'.

Nasty market....only another 4-6 months to go.


3.42pm.. VIX 12.30s.... just about enough time for Mr Market to whack it lower into the 11s for the  weekly close, which can often occur almost entirely in the closing minute or two.


3.55pm.. eyes on the VIX..lets see if they bring out the magical hammer in the closing minutes.
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back at the close.