3pm update - a second day of gains

US equities are set for a second day of increasingly strong gains. Whether the sp'500 settles in the 2060s.. or 50s.. should make little difference for those focused on the bigger picture. The sp'2100s are due. Metals remain a little weak, Gold -$4. Oil has turned positive, +0.2%


sp'60min

Summary

On what is merely day'2 of a new up cycle.... there is little to add.

I realise a fair few are seeking a pull back after the next jobs data... but daily MACD cycles (set for a bullish cross).. argue against it.

Broader upside remains the case.
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back at the close.