12pm update - powerless bears

US equities continue to push higher, with sp' almost in the 1950s. VIX remains on the edge of breaking into the 10s, whilst the metals remain weak, Gold -$1. Notable significant strength in the R2K +1.0% @ 1165.


sp'weekly

Summary

*I've little interest in the smaller cycles, will try to keep the weekly charts in mind for most of rest of today.
--

More than anything, yes..the volume remains low, but it does not matter. What does matter is that the equity bears are entirely powerless..as reflected in the VIX, which has a high chance of getting knocked lower into close...for a weekly close in the 10s.

--
VIX update from Mr T.


--

Eyes on WFM

60min

I'd consider a LONG, next Mon/Tuesday, pref' in zone'2, but I'd settle for 1', if main market remains strong.
 --

back later...