sp'60min
Summary
Another somewhat weak closing hour. I realise some will be getting a little more concerned that we are going to retrace (i see the 1820s mentioned in a fair few places)..but really..price action remains broadly bullish.
I simply don't see any downside power right now. Bears have to battle hard just to keep the market from melting slowly higher.
The broader up wave from the sp'1737 low continues. The VIX (although not always a great indicator), is still low, and is showing no sign of any moderate spike into the 15s, never mind the 20s.
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*VIX gets knocked lower in the brief 15mins of AH trading, to settle at low of the day. It doesn't bode well for equity bears tomorrow.
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The usual bits and pieces across the evening...