sp'60min
GLD, daily
Summary
*metals are certainly having a difficult day, and Monday's black-fail candle was again another good example of a warning.
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Suffice to say, I am not taking the recent equity weakness seriously, not least since price action simply doesn't support the notion of any significant declines.
VIX lacks any upside kick...what more needs to be said?
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2.20pm.. minor chop..but you can see the underlying upside..again.
Market just needs to get through another Yellen morning (will the Senate be softer on her?), and then new highs look due.