11am update - battling higher

US equity indexes continue to slowly battle higher, with the sp +18pts @ 2128. There will be some sig' resistance in the 2130/35 zone, with the bigger weekly cycle offering the bull maniacs no more than 2140 in the immediate term. Metals remain weak, Gold -$16.


sp'60min

VIX'60min

Summary

VIX reflecting the marginal new cycle high in the sp'500.

All things considered, a latter day equity rollover seems probable.

It's going to be a long... long week.
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*Despite the broad market gains, INTC is set to turn red.. which is somewhat amusing to yours truly. Price structure remains a bear flag within a giant H/S formation (min' downside target $26/25 by Sept/Oct).