2pm update - Mr Market in melt mode

Despite no sig' QE fuel today, the market has slipped into melt mode, and the indexes look set to continue pushing higher into the close. A daily close in the sp'1900s is just about viable, but regardless..we aren't headed lower.


sp'daily5

Summary

*meanwhile. Transports keeps on breaking new highs...now in the 7930s. The 8000s look very likely by end month.
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VIX is pretty amazing to watch..just slowly melting lower...maybe a close in the 11.40/30s ?

Certainly, if sp'1910/20s..then VIX 10s now look due.