1pm update - interesting Intel

Whilst the main market is holding significant gains, sp +23pts @ 2123, Intel (INTC) is at multiple resistance at $32.50. A failure to break any higher in the coming day or two could be an indirect warning of renewed trouble for the broader market... not least with the ongoing 'Greek situation'.


sp'60min

INTC, 60min

Summary

*INTC is currently a tempting short, not least as its holding within a bear flag (better seen on daily cycles).. with broader formation a H/S. For now.. I remain a twitchy watcher... as the market gains today are far stronger than most expected.

I'd feel far more comfortable if the daily equity MACD cycles were levelling out.. rather than turning positive.
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Well, 3hrs left of the day... bulls just need to churn the market sideways.... to keep the door open to 2135/40 zone... before next realistic chance of renewed downside.

notable weakness: oil/gas drillers, RIG -1.9%, SDRL -2.7%.. 
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VIX is offering a spike floor of 12.54.. with sp'2126...

Hmmmm