sp'daily5b
sp'weekly7
Summary
*notable weakness, metals, Gold -$13, which is impacting the miners, GDX -1.5%
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The weekly 'rainbow' candle started the week red... soon turned blue, and is now outright bullish green. This is not unexpected though... but the bigger bearish outlook will have to get dropped on any sustained price action >1970.
Its day' 6 UP, and there is zero sign of this madness ending until next week.
There seems zero point in being short the market until the next Fed announcement is out of the way. Even then, if we're sustainably holding >1970... then arguably, shorts would be off the agenda.
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VIX update from Mr T.
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time for a long lunch... back at 2pm