12pm update - opex chop

US indexes are moderately higher, on what is unquestionably a rather typical opex Friday. Metals have slipped..but just a little, Gold -$3. VIX is merely melting lower, although is still higher by 4% on the week.


sp'60min

VIX'weekly

Summary

*the Fed reading is pretty interesting, - if only as a reminder of how clueless they generally are.
- see earlier post for links
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So...a weekly close in the sp'1850s ?

It won't be easy, but regardless, price action is pretty strong, and we'll likely be in the 1865/75 zone, by the end of next week.
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Broader picture remains on track.

time for tea :)