3pm update - closing hour jump?

The market has seen the smaller 5/15min cycles floor in the sp'1834s, and there is now clear upside into the close, with a daily close in the 1840s still viable. Metals remain weak (as usual), Gold -$8. VIX looks set to melt lower into the close, perhaps settling in the upper 12s.


sp'15min

Summary

*a daily close >1841 would be very bullish for tomorrow, and indeed..rest of the week.
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Not much else to add right now.

FOMC mins' due tomorrow, and that might even be enough to kick the market into the 1850s...no doubt bemusing all those still shorting the market. Urghh
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Notable weakness... TWTR and NFLX, both -6%
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3.23pm..the question is not so much how will the market fall, but...why wouldn't the market just keep on rising?

sp'1838...just another 3pts to set up tomorrow...and the rest of the week.

STX +3.6%...and looking strong


3.38pm...market in melt mode...with a micro snap higher within the next 5-10mins....awaiting the 1840s.