2pm update - the little blue candle

However you might wish to count this nonsense, the current blue candle on the weekly 'rainbow' chart should greatly concern those still holding short. Based on the past few years... we have a clear floor of sp'1904.. and we're headed above the 10MA.


sp'weekly2

Summary

*a somewhat tiresome day, and for this hour.. a bare bones weekly chart.

The blue candle should concern those still seeking a break <1900.

Note the upper bollinger.. offering the 2010s in the immediate term
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VIX is reflecting a market that is once again slipping into utter complacency mode... a weekly close in the 12/11s now looks likely.
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**I remain long. I had intended to exit today... but as ever...I might change my mind.