12pm update - holding the gains

US equities are holding significant gains, as the door is now wide open to the sp'1940s. Right now, best case for the bull maniacs appears to be a 50% retrace of the down wave from last November.. aka.. 1964/65. Sustained action >1970 looks extremely difficult... almost as difficult as believing Oil supply will be cut.


sp'daily5b, fibs

VIX'daily3

Summary

*VIX now in the 22s... a test of the key 20 threshold looks a given.. and that probably equates to sp'1945/50.
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Suffice to add.. another 1% looks due... .maybe 2%. In theory... should max out early next week.. then some weeks of increasing chop.


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VIX update from Mr T.




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time for lunch :)