11am update - rising resistance

The sp'500 has got stuck at rising trend/resistance @ 2115.. along with VIX flooring at 12.71. A minor down cycle would be very natural.. but regardless, by the Friday close, the market will have viable upside to 2120/22 zone. USD is holding moderate gains, +0.6% in the DXY 95.20s.


sp'60min

UUP, daily2

Summary

*Despite the current gains, UUP still looks set for the low 24s into early July.. with DXY 92/90.
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Little to add.

Market appears due some weak chop into te afternoon.... but with broader upside into the weekly close.
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notable weakness: Sears (SHLD) -1.9%....  a real mess.