1pm update - spike floor from 2085

US equities are offering a rather clear spike floor of sp'2085, with the VIX having maxed out at 15.65. New historic highs in 'some' indexes look due across the next month or two... as the USD is set to resume cooling to the DXY 92/90 zone.


sp'60min

UUP, daily2

Summary

*note the black-fail candle on the USD - via UUP... it bodes for renewed weakness next week.. which will be somewhat bullish for the metals/oil... and to some extent.. equities.
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Little to add.

I am still seeing some call for much lower levels.. even to the 2020/00 zone.. but that seems highly unlikely.

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back at 2pm