2pm update - underlying bounce upside

Market is still in the process of a natural bounce/retracement, after the 3 day fall of 72pts. Considering the bigger weekly charts, we'll surely get stuck, and rollover, no later than Thursday morning, somewhere in the sp'1810/20 zone. Metals remain weak ahead of the FOMC, Gold -$4


sp'60min

GLD, daily

Summary

*as many recognise, the metals are again sitting the edge. If Fed Taper'2, then metals are probably going to get the hammer, and then talk with shift to 'if the summer 2013 lows will be taken out'
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A daily close in the sp'1790s still looks likely..and that will open up the low 1800s tomorrow.

Momo stocks are strong, TWTR, NFLX, FB, gains of 2-4%