2pm update - 100pts across 8 trading days

Mr Market continues to melt slowly higher, with the sp' now 100pts (5.7%) higher..across just 8 trading days..incredible! VIX is naturally melting lower, -4% in the 13.50s. Metals and miners continue to hold gains.


sp'60min

vix'weekly

Summary

*a reminder on the vix weekly. Again, useful to note the resistance at the 200 weekly MA, and last weeks giant red candle was a clear warning that we have probably maxed out on the VIX for around 4-6 weeks.
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A very slow day..and in many ways, I'm delighted we have a long 3 day weekend ahead.

I for one...need a break

back at 3pm.