12pm update - daily cycle offering the 1900s

Whilst there continues to be some minor chop, it is most notable that the upper bollinger on the daily cycle is offering the low sp'1900s in the immediate term. A brief foray into the 1900s does indeed look viable tomorrow, if Mr Market is relieved at a 'better than expected' GDP data point.


sp'daily5

Dow, daily

Summary

*it is also notable that the Dow is around 100pts from breaking a new high. The 16700/800s are coming.
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Without getting lost in the minor noise/nonsense, the daily charts are looking reasonably strong for the rest of this week.

We have daily cycle offering the 1900/05 range, whilst the weekly cycle will be somewhat more restrictive to the 1895/1900 zone.

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VIX update from Mr T



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time for..tea