sp'60min
Summary
So yes, I'm not expecting any change in rates.
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Seeking a brief equity spike higher... the smaller 15/60min cycles are offering 2085/90... the daily offers 2095/2100.
Broadly.. a reversal into the close looks a real threat.
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.. updates across this hour.. and into the close..............
2.01pm.. no rate increase..
VIX getting utterly nuked... for capitulation floor... -17% in the 12.80s.
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Possible cycle high of sp'2084... with VIX 12.80
Cyclically.. we're due a key turn from here
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2.04pm.. GOLD reversal.. about to turn negative... as USD +0.3%
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2.07pm.. It would seem we have a cycle top of sp'2084. A marginally red close would give extra clarity.
VIX.. back to -1%.. in the 15.20s..... a clear SPIKE-floor @ 12.80. First target is the 18/20 zone.
... and that IS a clear turn.
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2.16pm.. Clear turns in equities AND the VIX.
Primary target is the sp'2020/00 zone.. with 2002 being a basic 38% fib' retrace.
So.. we're sp -1pt @ 2064.. 62pts to go... minimum.
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2.27pm.. a micro bounce.... but broadly.. we have a clear spike high of sp'2084.
*notable strength, financials... on higher rate hikes. BAC +4.3%