1pm update - busy afternoon ahead

US equities are having to cope with what is a rather serious incident in the Ukraine. Yet so far, the indexes are comfortably holding above last Thursday's low of sp'1952 (along with VIX 13.20s). Gold is holding sig' gains of $19.


sp'60min

Summary

So..we're still lower, but there just isn't much down side pressure out there.

Unless last Thursdays low fails.... bears can't get confident of any sig' downside.
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Update from Riley




I'm with Riley on this, and I'd guess this nonsense will recover, and break new highs next week.
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stay tuned....