3pm update - rough week for many

Despite net weekly gains of just 0.6%, it sure feels like we're ending the week with massive gains. Regardless of where we close this week, its been a rough one for bears and bulls alike. Metals remain very weak, Oil continues to show signs of a recovery. VIX looks set to melt lower into the close.


sp'daily5

Summary





Certainly..not a boring week!

My satellite dish is unable to pick up CNBC today. As you might understand, I'm...devastated. Can someone let me know if Bartiromo says 'we're off the lows of the day' ?
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*I hold Oil (long) across the weekend, via USO.

A good reversal candle to close the week
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updates into the close..if I don't fall asleep.
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3.39pm..the micro 5/15min cycles look prone to a rally into the close.

further.. all the cycles are now almost fully reset for a major jump higher at the Monday open into the sp'1710/15 zone.

*With major QE on Tuesday...the first half of next week looks to be a really bad time for the bears.
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3.49pm..looks like the algo-bots are gunning for an sp'1700 weekly close.