12pm update - consolidating morning gains

US equities have seen a morning high of sp'2079. With the weekend ahead, the rest of today might merely see the market build a baby bull flag.. setting up the 2080/90s for next Monday. In any case.. all indexes are set for net weekly declines.


sp'60min

sp'weekly1b

Summary

So... we're a little stuck, but any bears seeking any further moves <2042 are being overly hopeful.

As I noted yesterday, a weekly close in the 2070/75 zone... that would be something the equity bulls should be relieved to see.

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VIX update from Mr T.



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time for lunch