sp'60min
Summary
Little to add... on what is arguably a day of quiet consolidation.. before the next move higher.
Equity bears have two opportunities to reverse the hyper-ramp...
1. ECB...Oct 22'nd, a Draghi failure to threaten QE.. and inspire more 'easy money' coming sentiment
2. FOMC...Oct'28th a market losing faith in the Feds refusal to raise rates.
Right now, just one of those would be enough to retrace to the sp'1950s.
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notable strength
DIS, daily
The $110s look due late today/early Tuesday... as the Star Wars hysteria will exponentially grow into the Dec' release.
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back at 2pm