2pm update - viable retrace

US equities break a new cycle high of sp'1894, but look vulnerable to cooling to the gap zone of 1871/64. Broadly though, the short term outlook is bullish, with the 1900s due. VIX is finally showing more notable cooling, -5% in the low 24.10s.


sp'60min

VIX'60min

Summary

From a pure hourly cycle perspective.. we're on the high side.. a retrace is due.

Regardless of any such retrace though... a number of consecutive daily closes in the sp'1900s look extremely probable into end month.
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notable strength... CREE, daily

A 5% gain... back into the $30s... next level is the gap zone of 34/35s. Everyone needs lighting, right?

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back at 3pm