11am update - underlying strength

Whilst it remains moderately choppy, the underlying market strength is there to see... not least on the bigger daily/weekly charts. The sp'2100s are coming.. along with VIX sub-teens. Oil is building notable gains of 2.8%, having formed what is very likely a key micro double floor.


USO, daily'2, rainbow

sp'daily5

Summary

*metals are weak, Gold, -$1, and price structure remains a very large multi-week bear flag. Gold bugs are in for a real bad time... some time soon.
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Not much to add... its quad-opex... so.. increasing chop into the weekly close.
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Notable strength: AA, +1.3%...and its a long way to the $25s
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time to cook, back at 12pm