2pm update - breaking to the upside

After some chop, it would seem the market has now put in a solid floor for today at sp'1946, and is set to close higher than current levels. The VIX is naturally cooling, -8% in the 25s..  the 20 threshold looks an easy target by Friday/early next week.


sp'15min

DIS, 15min

Summary

*I had eyes on DIS for $102.50/25 this hour, but with a break above the pennant.. it now looks super bullish to the 105/106s.

As things are, I won't chase anything higher.. so.. that one I'll let go.
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As for the broader market... a sig' net daily gain, with a close in the 1960s is now probable.

That sets up a break above last weeks high of 1975.. and onward to the big 2000.
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back at 3pm