2pm update - market wants to rally into the close

US equities remain moderately weak, but the smaller 15/60min cycles are offering upside into the remainder of today. A daily close in the sp'2050s will still make for a massive bullish recovery.. from the Tue' low of 1992. VIX remains a key tell... and is set to close moderately red... in the 16s.


sp'60min

sp'daily5

Summary

No doubt some were getting overly excited this morning.. but any close >2052.. will make for a clear 3% net gain since the Tuesday afternoon low.
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Notable weakness, airlines, DAL/UAL, both lower by over -2%
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*I remain long.. seeking a somewhat exit than this.. will hold into next week.
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back at 3pm