3pm update - a floor of 2070

Regardless of the exact close, it would seem the market has put in another higher low @ sp'2070.. with VIX having maxed out at 17.21. The sp'2100s look due.. whether tomorrow, Friday... or next week. Oil is holding sig' gains of 2.4% in the upper $42s... ahead of the next inventory reports.


sp'60min

VIX'60min

Summary

*I only noticed it earlier, but the VIX effectively maxed out around declining resistance/trend. Sub-teens look due... although I am very open to a test of the 20 threshold before year end.. and that does not exclude my year end target of sp'2150/70.
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So..  a little chop in the 2pm hour... with news of another hostage situation in northern France.

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Anyone still think we'll see sustained trading under sp'2060 in the remainder of the year?

If we break >2134 - which seems VERY likely, you can arguably add another 5% to that.. so that gives us the 2240/60s in Jan/Feb... before the next moderate retrace.

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back at the close... unless something dramatic happens