2pm update - still.... stuck

Another minor up cycle... and again... stuck at sp'2086, with a VIX -1.4% in the 13.70s... indicative of a market that has effectively no worries about anything. Metals remain broadly weak, Gold -$8. Oil is holding sig' gains of 1.3%.. but price structure remains a bear flag for early Friday.


sp'60min

USO, 60min

Summary

Nothing has changed since the last hour.

Oil has a notable bear flag... certainly, I'll be surprised if we don't see at least some weakness tomorrow morning. 

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notable weakness:  AA, -3.9%.. off the lows, but price structure remains extremely bearish into the summer.