11am update - a mere 0.5% away

The sp'500 has already come within a half percent of attaining a new historic high, and with the market mood as it is.. equities look set to continue higher next week. Metals are a little higher, but notably cooling from the opening levels. Oil is negative, having seen a very sharp opening reversal.


sp'daily5

GLD, daily

Summary

*action in the precious metals remains broadly bearish, not least via a black-fail candle on the daily cycle. I guess I could have shorted the open, but I have been more focused on keeping track of equities.
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So.. a VERY rough end to the week for those brave enough to hold short overnight. No doubt a great many have already been short stopped.

Now its a case of 'who wants to buy >sp'2125?'.

Weekly cycle continues to offer 2140 in the immediate term.. and 2160/70s will be viable by mid June.
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notable strength, BABA +1.9%... as the stock is starting to build some upside momentum.. first obvious target is the price gap zone of 92/97.