1pm update - almost a micro double top

US equities remain moderately higher, with the sp' making a play for the Wed' high of 1991. A micro double top seems viable, before the first sig' downside. Metals remain in collapse mode, Gold -$10, with Silver -3.7%. The miner ETF of GDX -4.8%.


sp'15min

sp'60min

Summary

A bit of a messy day.... minor weakness, but we are effectively seeing the big sp'500 coming close to a double top.

I realise some out there are still looking for a straight run into the sp'2000s.. with new historic highs.. but I just can't see that.
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Dow +150pts, but almost all of that is due to Visa (V) +8.9%.. which is pretty incredible.. but then.. earnings were pretty good.



1.23pm.. sp'1992.... hmm, surprising... no doubt a lot of short-stops are getting hit.. hence the kick upwards.

On any basis, I want to see a daily close back in the low 1980s... or today will be somewhat annoying.