11am update - the reversal is holding

The opening reversal is holding, with the sp' already having climbed to 1994. A break over the hourly 10MA will be significant, and offer a pre-FOMC floor of 1976. Metals have lost ALL of the early gains, Gold -$2.. taking the miners with them (GDX swinging from +4.5% to -0.9%).


sp'60min

GDX, daily

Summary

*another interesting day in market land.. with just 12 trading days left of the year... hey... at least its not boring!
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So.. reversal candles all over the place... and with the FOMC meeting now underway.. with a policy announcement tomorrow at 2pm.... the equity bears arguably should have bailed.

Without question, tomorrow will be the last big trading day of 2015. It has been a crazy year... but more on that later this evening.....
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Russia: -13% @ 624...  secondary 'core support' is around 550.. around 12% to go.
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*Key break above hourly 10MA... achieved... bears are on the run.... big stops being hit.

FIRST upside target... 2025.