1pm update - bull maniacs need to hold Dow 15800s

The smaller 15/60min index cycles continue to offer a latter day recovery, and with sig' QE, the bears face problems this afternoon. More importantly, the bulls need to hold the Dow 15800s, otherwise the original breakout is in jeopardy.


Dow, daily

Summary

The bigger weekly/monthly charts would most definitely argue against a failure.

So..for the big money right now...stop levels would be somewhere in the 15700/600s.
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Notable strength remains in AAPL and TSLA, with the latter +14%.

TSLA, daily

No doubt, a lot of shorts are bailing..and chasers are coming in ! Even so..it doesn't change the mid-term weakness since the original break lower.
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1.45pm.. and there goes 1790.  Regardless.. indexes are still only -0.6%.

VIX trying to break into the 15s....been a long while since we saw mid teens!