12pm update - naturally.. a bit stuck

The sp'500 has clearly got stuck in the 2075/80 resistance zone. However, the bigger daily/weekly cycles are bullish, and underlying price pressure should be enough to achieve a break through, whether today or tomorrow. VIX remains very subdued, -3% in the 16s.


sp'60min

sp'weekly1b

Summary

Without getting lost in the minor noise, it should be clear that there is open air to at least 2090 in the immediate term.. and given a few weeks, the market should have a good opportunity to tag the upper bollinger in the sp'2150s or so.
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notable weakness, DIS -0.5% in the $106s. Did Star Wars stop making money today? Is that the reason?

CREE -3.1%. I can't find any adverse news on that one. Will we not need lighting in 2016.?

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VIX update from Mr T



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time for tea