3pm update - a day for the bull maniacs

US equity indexes are set to close with very significant gains, with the sp'500 comfortably over the key 2100 threshold. VIX is confirming the utter market complacency, -8% @ 13.20s. Gold is set for a third consecutive net daily gain, +$10. Oil is +2.3%


sp'60min

VIX'60min

Summary

Little to add.

We have a decisive break above resistance, along with a viable spike floor of sp'2072 - a 62pt (3.1%) decline from the recent high.

The sp'2120s appear well within range before the weekend. New historic highs in 'some' indexes looks probable before the market maxes out this summer.
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notable weakness, Sears (SHLD) -18% in the $29s... as the market is increasingly upset at the 'REIT' issue.
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back at the close.. to wrap up the day