sp'60min
VIX'60min
Summary
*it the typical turn time of 11am.... but still... after this mornings opening 90mins, I'm inclined to dismiss anything today.
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Without question, this is one of the lamest mornings for those in bear land in a very long time.
Despite Japan getting trashed, and weak US growth data, the market is still able to just shake it off.
Price structure remains a bear flag... but even if we roll lower to the 2060s late tomorrow/early next week, it will merely offer another higher low (from 2039).
I can NOT take any of this seriously unless we break under the two soft lows of 2039/33.. with a daily close in the 2020s.
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notable weakness... KMI,daily
Kinder remains broadly stuck... vulnerable to the 16/15s... negated on any move into the 19s.
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time to shop... back soon