3pm update - significant net daily gains

US equities look set to hold sig' gains into the close, with the sp'500 closing somewhere in the 1975/85 zone. VIX is naturally cooling, back in the 22s.... set to lose the 20 threshold this Thursday. Commodities are mixed, Gold -$5, whilst Oil is seeing some rather wild intraday swings, currently back to +1.0%.


sp'60min

USO'60min

Summary

All US indexes are set for sig' gains... and with today's gains, it makes the 2040/50s that much easier this Thurs/Friday.

To be clear.. 2040 IS within range this week.. and actually, I'd argue its more viable this week.. than next.

In any case... I can't be short this.


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*I will hold a micro USO-long overnight.. and almost certainly into the FOMC of Thursday afternoon.
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back at the close.