sp'60min
R2K, daily
Summary
Opening hourly candle...a new high, then a reversal...but still...price action remains very strong.
So...a bit of chop, but that is expected. There is a wheel barrow of QE due this morning (and tomorrow)... who would dare be short this?
Ohh, and as for more planes being shot down in the Ukraine. For now... it is entirely irrelevant.
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*I hold moderately long, R2K, from 1154... seeking the 1170s before end of this week. Seems a viable target.
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Notable strength: airlines, DAL +3.2%... breaking out of what is a giant bull flag....
Mid/upper 40s look due later this summer
10.25am.. R2K making a play for the 1160s.. .which will open up 1170s late today..or tomorrow.
VIX is in melt mode, -3% in the 11.80s.
10.37am.... entire market...pushing higher...VIX getting seriously crushed, -6% in the 11.40s...10s look an easy target.