11am update - a little twitchy

US equities have notably cooled from the early high of sp'1938 - with VIX 29.03. Despite the cooling, the hourly/daily cycles favour the bulls into next week. First target is last Thursday's high of sp'1993.. and then a prime target zone of 2010/2050.. with VIX 22/19.


sp'60min

sp'daily5

Summary

*daily candle sure isn't inspiring, but given the rest of today, I'd expect some of that spike to be retaken.
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Despite the moderate chop... and ongoing underlying weakness.... I'm holding to upside into next week.
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time for some sunshine... back soon.