12pm update - renewed upside

Another swing from sp'1873-93, with indexes now back to broadly flat. Price action across the past five days is no doubt making most dizzy. Structure is pretty clear - a bull flag, highly suggestive of the sp'1970s by mid February. VIX remains subdued, u/c in the 23s.


sp'daily5

VIX'daily3

Summary

Little to add.

Price structure IS a bull flag, now five days wide.

If sp'1970s within 2-3 weeks, the mainstream will be rather pleased with themselves... which is when the floor should be pulled out from them. At the very least... that will be rather pleasing to see.

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VIX update from Mr T 



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