12pm update - holding the gains

US equities are holding the gains, and the smaller 15/60min cycles are offering the prospect of a baby bull flag developing into the late afternoon. The sp'500 looks set to break a new high, however the R2K/Nasdaq...are way behind.


sp'60min

Summary

Little to add.

There seems a complete absense of bears, and it sure won't take much to trigger a truck load of short stops in the 1895/1900 zone.

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VIX update from Mr T.


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*I remain content on the sidelines, having cleared the deck earlier. I might merely sit back for a week or two..or however long, until the current wave is done.
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time for tea