2pm update - confidence is low

US equities have hit the upper resistance zone of sp'2087.. and that might be it for this rally from the Wed' low of 2045. Whilst equities broke a higher high.. the VIX did not break a lower low. Meanwhile, metals remain weak, Gold -$13. Oil is increasingly weak, -1.3%.


sp'15min

sp'daily5

Summary

*to be clear... I had high inclination to launch an index short today... but frankly... I'm no longer in the mood.. and considering today's gains.... I'm staying out.
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So.. with two hours to go... can the equity bears at least break back into the 2070s by the close?

In any case.. I'd still like to see a monthly close at least under 2070. More so.. .a net quarterly/year to date decline will need Tuesday to settle <2058.
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Notable weakness.. miners, GDX -2.1%... naturall following the weakness in precious metals.
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2.31pm.. Price structure on the hourly is a clear bullish F flag... but the last two didn't work out so well.