3pm update - significant gains

US equities are set to close significantly higher, and regardless of whether the market settles a touch above.. or below the sp'2100 threshold, the bears face major problems if sustained price action across Tue/Wed' >2115. Gold and Oil are both holding sig' gains of 1.0% and 2.3% respectively.


sp'60min

Summary

For now.. it remains arguably just a bounce.. but clearly.. we're within 0.5% of breaking a higher high in the short term.

To me, the notion that we now have a key floor for the late summer of sp'2067 is nonsense.
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If you're on the short side and thought your day was difficult...



.. bearish theme parks (well, except DIS.. on long term) :)

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Changable skies in London city this evening.. much like my mood...

The particularly depressing aspect is that summer will be wrapping up in around four weeks.

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back at the close.