sp'60min
VIX'60min
Summary
So.. we're higher.. at the upper gap zone. Above sp'2120 and there really isn't anything until the recent historic high of 2134.
Right now.. its not looking great for those seeking a retrace.
The lower gap zone of 2080 looks difficult, but 2095/90 by the Friday close is still in range.
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Notable mover... INTC, pretty unstable price action though... hitting $29.70, before swinging back higher.
60min cycle
Keep in mind that INTC was trading in the low $32s in Wednesday AH action. Current price action is a major fail. with underlying earnings... lousy.
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10.25am.. We're clearly seeing some initial resistance around the sp'2120 threshold... bears really need at least a minor net daily decline to offer some hope of 'weakness into the weekend'.
VIX early floor of 11.97.. a full 2pts below yesterday afternoons high. Urgh.