sp'60min
Summary
Cyclically a day of moderate chop is to be expected.. but leaning on the downside, as (in theory) we should remain broadly headed for the sp'2020/15 zone - with VIX 18s.
Best guess: opening gains, a lot of chop, but closing with marginal net daily declines.
Thursday will offer the bears a chance at 2020/15.... or more viable... Friday.
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*yours truly wants to be closed out before the weekend... with a target re-short next Tue/Wed'.
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Update from Mr C.
The issue of the 'failed head test' is very important, and I will try to cover it more later this evening.
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Gold bug chatter - Hunter with Rickards
I will merely say... make of that, what you will.
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Have a good Wednesday