12pm update - upper gap filled

The upper end of the rather large price gap @ sp'2042 has been filled. The smaller 15/60min cycles are offering a latter day rally. VIX remains only a little higher.. and is not supportive that a lower high (sp'2064) has been put in. Broad upside into next opex seems probable... to the sp'2100s.


sp'60min

R2K,15min

Summary

*the actual $spx chart does not properly show the price gap... R2K is clearer... or SPY (but I don't chart that... I can't cover it all!).
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After a hyper ramp from sp'1992 to 2064.... this morning's cool down is not exactly unexpected.

Regardless... we look set for higher levels.
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VIX update from Mr P.


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time to cook, back at 2pm