US indexes continue to recover from the early morning falls, with many (perhaps even the R2K) set for a net daily gain. VIX looks set to lose the 12s this afternoon, and a red close would make for a very strong confirmation that sp'2000s will be hit next week.
The Dow daily chart is very bullish... if it can close green (not that its necessary).. it'd make for a VERY powerful spike floor candle.. and bode for Dow 17500/18k - as early as September - a mere 7 weeks away.
For those still holding short from the open... today is turning out to be a bit of a disaster.
...for those watching the VIX at the open...today's recovery is not surprising.
Notable hyper strength: UAL +11.3%.
2.35pm. I'm just updating my other pages..with new template colours... hope some of you find it an improvement.
...meanwhile... minor chop, but the sp' is now comfortably holding the 1960s... a further minor up wave into the close... very viable.
Frankly, any daily close in the 1970s would be a major head slam to those daring to short the open.