3pm update - moderate chop

Despite a little cooling to sp'1945 - from the early morning high of 1962, US equities still look on track for the 1970s next Monday... with a viable straight run to the 2K threshold. For now, there is simply no real downside pressure, as the mainstream are increasingly confident that 'everything is fine'.


sp'60min

VIX'60min

Summary

*VIX teasingly breaks back above the key 20 threshold.... but I think we'll settle back under it. It remains notable that we saw 18.46 this morning!
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The smaller 5/15min cycles are now on the low side. Considering the bigger daily/weekly cycles, renewed upside into the close looks due.

In any case.. its been a week for the equity bulls.
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back at the close