2pm update - stair step micro down wave

Since the market open, we've seen a steady (if slow) down wave from sp'2071 to 2056. Renewed upside into the weekly close looks likely.. settling somewhere in the 2065/70 zone. VIX remains subdued... +0.2%... set to turn back red.


sp'15min

Summary

*metals have cooled... not least pressured lower by a rising USD..  now close to breaking the spike high from summer 2010.. when the EU bond market was real shaky.
--

Little to add...  I am somewhat busy.. setting up a new laptop (bullish XRT, INTC)... that will keep me busy this weekend!

Notable weakness, Nat' gas -2.7%... but still strong gains for the week.
-

back at 3pm