2pm update - another hour closer to the hole

US equities are holding moderate gains, with a strong reversal in the R2K, from -1.0% to +0.3%. Metals remain weak, Gold -$17. Oil is holding significant gains +1.0%


sp'weekly8b

Summary

Little to add, on what is just another day in crazy land.

Sleepy August... low volume..and we all know that favours the bulls, right?

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As for Yellen at Jackson Hole tomorrow morning (the nonsense starts at 10am)... we'll surely break into the 2000s.. and melt higher into the weekend.

As ever...I've my eyes more on the weekly charts than anything.

Best case... .2030/50...then down to 1920/00 by late October.