11am update - battle continues

US equities are battling to hold minor gains. Further upside looks due into the afternoon, with a more realistic upside target zone of sp'2075/80. The Monday low of 2056 looks set to be broken before the Thursday/weekly close.. as traders will face extreme uncertainty with the Greek referendum this Sunday.


sp'15min

VIX'15min

Summary

Yes, I've lowered the upside target a little for this afternoon... after the market got stuck at 2073.

notable weakness: metals, Gold -$8, which will make for a net monthly decline of around $20.

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*I am on the sidelines... and will strongly consider a market short this afternoon.. if price structure looks bearish enough.
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time for an early lunch


11.19am... sp +9pts @ 2067.... upside into 2pm..... 2075/80... on track.

VIX is cooling. -1.3% in the 18.60s.  17s look due...