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| A ray of hope..for the bull maniacs. |
sp'60min
Summary
*yes, I'm adjusting the broad channel on the hourly chart. In the bigger picture, we're still broadly heading higher.
I'd only change my outlook on any break <1800, and that sure doesn't look likely.
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VIX update...
That should remain a concern to the equity bears...gap zone..a black candle...and threat of slipping back into the 15/14s
1.02pm... 15min cycle turning bullish....bulls are starting to take control again... sp'1843.
VIX about to lose the 16s.
*Russia said 'no ultimatum'...thats gotta be good for 10/15pts...yes?
1.20pm.. looks like bulls have free ride to 1850/52 by 3pm. How we close though..tricky....since sporadic Russia/Ukraine headlines still appearing on the news wires.