10am update - pushing for key resistance of 2064

US equities open moderately higher, and there looks to be fair chance of an attempt to test key resistance of sp'2064 today. VIX is confirming the 'everything is fine again' market, -7% in the upper 16s. Metals are weak, Gold -$6, whilst Oil is building early gains of a rather significant 3.4%


sp'60min

GLD, daily

Summary

*the metals remain particularly interesting... a break under GLD 120 would be pretty important. Price structure is arguably a bull flag though, hmm.
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So... we're continuing to broadly climb from the Monday morning low of sp'1980. Those resolutely holding short are getting ground into dust.

If Mr Market likes the jobs data tomorrow (and why wouldn't it?).. a weekly close in the 2070s is viable.
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notable strength: TWTR +3.3%.. ahead of earnings... opening black-fail candle on the 15min cycle though... viable 'cooling' into the early afternoon.


10.12am.. Smaller 5/15min cycles look maxed out at sp'2057.... seeking a down cycle into the early afternoon from here...


10.44am.. so much for 2057 holding...    but we're fast approaching the typical turn time of 11am....

Is it time for the ECB to start talking about Greece again?