3pm update - holding gains into the close

US equity indexes are set to hold gains into the close, with the sp'500 seemingly set for next soft resistance of 2050/55, where the daily upper bollinger is lurking. VIX remains under broad downward pressure, -4% in the low 14s. Metals have notably reversed, Gold -$2.


sp'daily5

VIX'60min

Summary

*Oil is +3.8%.. and that is what is arguably the primary driver of the ongoing nonsense.
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The price in the Dow and sp'500 have been decisively filled.

I realise some are now getting more broadly bullish, even talk of new historic highs.. but unless we see a move much above the late Dec' high of 2081.. I can't see it happening.

Yours truly is now focused on the R2K, seeking a hit of the 1100 threshold, before a viable reversal.
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notable strength.. BA, daily

With big stocks like BA continuing to push.. its hard to argue we won't see further upside.. to at least R2K 1100.
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3.33pm.. R2K surges more to.. 1093... almost at the big 1100 threshold... which now seems due early tomorrow.