12pm update - clawing upward

US equities remain moderately higher, with the sp' still to test the 50 day MA of 1956. The daily MACD cycles are in the process of turning positive for the first time since July'7. VIX remains subdued in the 12s.


sp'daily5

Summary

Little to add.

Bears are powerless..whilst it seems just a matter of when we'll hit 1956...and then probably keep on going into next week.

*the IHS pattern that some are suggesting, offers the 1980/90s next week... although I'm still cautious that 1970 remains 'best case' in the current wave.. before a minor retrace.
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VIX update from Mr T.



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time for tea