2pm update - the permabear kiss of death?

The main indexes are continuing to see very minor chop. Certainly, there is a touch of weakness, but with the momo stocks building gains across today, equity bears should be very concerned that we might be trading in the sp'1820s by late Thursday. Metals remain stuck at old broken support.


sp'60min

SLV, daily2

Summary

*Considering the recent price action, I've removed the ABC count on the hourly index chart. I realise of course, that might be the kiss of death for the bulls, with the market dropping to the 1770s within hours..if not minutes.

Seriously though, bears just look weak.

Hourly MACD cycle looks close to a floor, and there is high risk of another lurch higher across Wed/Thursday - the latter of which has heavy QE.
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2.29pm.. 15/60min cycles are VERY prone to snapping higher across the rest of today.

Bears...beware!  First target upside ...1808/10.