12pm update - underlying upward pressure

US equities remain moderately higher, and look set for a net daily gain, ahead of the ECB. Price structure favours the bulls, with a break >2009 viable tomorrow.. which will open the door to a test of the 200dma - currently @ 2021. VIX has naturally turned negative.


sp'60min

VIX'60min

Summary

*metals/miners are choppy, but broadly.. look on track to slip for another 5 days.
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Little to add.

We have a provisional break of what is a big bull flag... a daily close in the 1995/2005 zone looks probable.

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time to see what the cheerleaders are saying on clown finance TV (I've had them largely on mute for the last few days).

.. I'd imagine they'll be max-bullish by next Wednesday