3pm update - probable closing hour chop

The morning drop to sp'1823 might well be the floor of this sub'4 wave - of a very large 3. Regardless of how we open tomorrow, there looks to be very viable sig' upside into the 1850s by the Friday close. Metals look weak, with Gold now just +$2. Oil continues the down trend, -0.7%


sp'60min

FB, daily

Summary

*The VIX remains notable, in the red, whilst lower indexes. That is never a good sign for the equity bears.
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The levels are pretty clear..bulls need >1832, whilst bears need <1810/00 to have any hope of something significant, and I sure don't believe that is the case.
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Notable strength, FB, +4%, a break into the 60s looks viable in the current cycle.


3.42pm.. well, we're not going to close >1832..so..it keeps open the door to 1818 early tomorrow.

If we get down to 1820/18 tomorrow morning..it makes for the easiest buying opportunity of the year so far!