sp'60min'3
sp'weekly8b
Summary
*notable blue candle to start the week.. on the weekly cycle.
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So..we're higher, and right now..there appears zero downside pressure.
Of course, market remains highly susceptible to sporadic news headlines.
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VIX is weak, -5%... set for the low 14s.
R2K has decisively broken the down trend..set for the 1160s.
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10.05am.. a long week ahead, but the weekly MACD cycle on the 'usually weaker' R2K is starting to tick upward... first time since the secondary peak in early July.
Bodes for 'general' upside into mid/late September.
10.16am... smaller 5/15min cycles look a touch vulnerable.... I've a tight stop on my SPY long position... might get the boot soon...
if so.. will look to merely buy back later.. on any pull back
10.19am.. EXITED sp' long.. from 1941
10.25am.. .As the lightning bolts start to rain down around London city.... it does look like we're stuck around 1941...
Lets see how far we cycle down into the early afternoon.
10.30am... very viable for indexes to turn moderately red this afternoon. 1928/26.. maybe.
I would go long..if so.
10.38am.. typical turn time of 11am coming up.....equity bulls still stuck around 1941.