12pm update - battling for the 2100s

US equities are moderately higher, as the market continues to battle to break and hold above the sp'2100 threshold. Overall price action supports a move at least to the 2115/20 zone this week... with a broader upside target of 2150/70 before year end. Oil is still struggling, but holding key support.


sp'60min

USO'daily2

Summary

Little to add.

Despite the rapid drop in the 10am hour... equity bears face a market that is clawing upward on any excuse.

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VIX update from Mr T.



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time for lunch