2pm update - battle continues

US equities push back upward, with the sp + pts @ 190  . Equity bears should remain desperate to at least see the market hold under declining resistance, which will be around 1915 at the monthly close. VIX remains naturally under pressure, - % in the 25.   .


sp'60min

VIX'60min

Summary

For now.. its getting borderline again.

More problematic, the daily MACD equity cycles which at the current rate will see a bullish cross (for most indexes) within 2-3 days.

*notable weakness, commodities, Gold -$12, with Oil -0.3%.
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back at 3pm