sp'daily5
Summary
Suffice to say... a tiresome day for the bears.
The only issue now is whether we put in a lower high.. or just keep on battling higher.
Considering the recent style of price action - not seen since 2011.. with VIX in the low 30s, I'm still looking for a lower high. Really though, bears need to hold the current bounce to the sp'1960s.
Any daily closes in the 1970s.. and it is surely white flag waving time.
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Notable strength: the oil/gas drillers, RIG +3%, SDRL +6%, although both remain hugely under the summer highs.
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back at the close.