3pm update - minor upside chop into the close

US equities look set for the third gain in four trading days. A daily close in the sp'1945/50 zone looks likely, along with VIX in the 12s. A break >1955 will open up the 1970 threshold later tomorrow.. which will not likely be broken through on the first attempt.


sp'60min

Summary

Suffice to say...baby bull flag on the smaller 60/15min cycles.

Considering the daily MACD cycles, we're set to climb tomorrow.

After some thought, I will hold LONG overnight, seeking an exit in the 1955/60 zone.
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Notable strength: airlines, UAL +3.1%


3.20pm... sp'1945 with VIX 13.10s....

Price structure looks a pretty reasonable bull flag...which will be offering 1955 at the open.. if the EU indexes are not spooked by various GDP data.

Metals/Oil, both set to close higher by around 0.2%