2pm update - clawing upward

Equities are clawing slowly higher, battling for a weekly close above the Jan'9 high of sp'2064. In any case, the door looks wide open to a straight run into the low sp'2100s. VIX is reflecting a calmer market, -3% in the 15.80s. Gold remains weak, -$10, but still net higher on the week by around 1.5%.


sp'60min

Summary

Those still vainly touting the recent move from 1988 to 2062 as a B wave... are set for disappointment into the weekend.

I'm also well aware some are seeking a wave down to the 2030s before 2100s.. but even that seems out of range. Bears had their retrace this morning to 2052.. that looks to be it.
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Notable weakness, copper miners, FCX and TCK both lower by around -3%

back at 3pm