10am update - approaching gap zone

US equities open higher, and are building gains toward the price gap zone of sp'2098/2101. VIX is naturally cooling, -12% @ 14.70s. USD is +0.6% in the DXY 95.50s. Metals are naturally weak, Gold -$10, with Silver -1.4%. Oil is similarly weak, -1.1% in the $51s.


sp'60min

VIX'weekly2

Summary

*the above VIX chart is something new, and I will be frequently referring to it across the next few months.

Best guess... VIX cools for 2-3 weeks... levels out.. and then UP. Whether some indexes can break new historic highs between now and August.. difficult to say.
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Busy morning... bear with me.....

As things are... market looks set to max out around sp'2100... and then cool to the 2090/85 zone... forming a bull flag... taking us into early Tuesday.
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notable strength:  NFLX +3% @ $701.... the momo chasers are out in force.

weakness, miners.. GDX -1.5%... as the metals slide... not helped by USD strength.