1pm update - still clawing upward

With no real resistance until the psy' level of 2000 - where the 50dma and upper bollinger lurk, the sp'500 continues to climb... +28pts @ 1979. This makes for a rather insane 86pts (4.3%), across just ten trading hours. VIX continues to cool, -7% in the 19.30s.


sp'60min

sp'weekly2

Summary

*it is notable that we're approaching key 10MA resistance on the weekly cycle.... awaiting a green candle.

I do NOT expect the 10MA to hold in the current up wave from sp'1871.
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I would imagine the chatter this evening will be for some to consider a short from sp'2000 or so. I suppose that would offer moderate downside.. but really... I would not feel comfortable until 2050/60.
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.. with earnings on the way... can Mr Market rally broadly through it?

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notable strength: AA, +8.5%.. ahead of earnings (Thursday, AH)