10am update - opening reversal

Equities open a touch lower, but the equity bears remain powerless, and we have a clear reversal underway. The R2K looks especially bullish, with upside into the 1190/1200s this week, which would decisively break the remaining bearish H/S scenario.


R2K, daily

Summary

*I am long the R2K, seeking an exit in the 1190s within the next few days.

However, if we do see the 1190s, I'll also be resigned to much higher levels by mid July, 1225/50 zone, and so I would look to repeatedly go long the R2K for another month.
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Notable strength,

NFLX, daily.

Talk of the big $500 again, which indeed seems viable by next earnings.


10.12am... sp'1941...and we're headed to new highs....with the R2K powering higher.

The 1960/70s will soon be within range....although I don't quite expect that tomorrow.