sp'15min
Summary
*a somewhat vain attempt to fathom the micro cycles.... regardless.. this afternoons bounce looks about done.
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I see next to zero reason why there won't be at least some degree of selling into the close.
After all, just who is going to want to be long across the weekend?
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*I remain content on the sidelines, and will be seeking to go long next Monday.. somewhere in the 1930s.
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3.07pm... market rolling lower... for me, the only issue is whether the VIX closes in the 14s...or 15s.
3.22pm.. not exciting ...yet.. but a daily close in the mid 1940s... still very viable.. which will offer the 1930s on Monday.
3.33pm... sp'1952....few want to buy at these levels....
Still seeking another mini wave of downside into the close...
Notable strength, Oil/gas drillers, SDRL +2.5%
3.38pm... back to 1954... and even I'm surprised at this late day lunacy.
Crazy end to the week....
3.49pm... Just not seeing the selling, anyway, price structure remains a baby bear flag... the setup favours the bears for Monday...
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back at the close