3pm update - net daily gains

Yesterday afternoon was a clear train wreck for the bull maniacs, but today has seen a clear resumption of the underlying upside from the double floor of sp'1867. There remain soft targets of 1988, 1993, but of course.. the key sp'2000 threshold. By next Thursday afternoon... we could be maxing out a giant bear flag.


sp'60min

VIX'60min

Summary

Not much to add.

Market should hold the gains into the close, and that will help turn the weekly candles more bullish... keeping open the door to the sp'2000s next week.

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*I remain long DIS and USO, both positions are now in the green, seeking higher exit levels, will hold overnight.
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Sunset in the metropolis...

back at the close