3pm update - micro ramp into the close?

The smaller 5/15min index cycles are arguably close to flooring, a little ramp into the close is viable, ahead of heavy QE tomorrow. Metals remain sharply lower, Gold -$30, Silver -4%. VIX is battling to hold a 1% gain into the close.


sp'60min (with metals)

Summary

I see some chatter out there trying to work out what is going on in terms of the micro cycles.

Really, I think it is over thinking things.

Primary trend remains to the upside...and the monthly charts are now offering Dow 16500, with Sp'1840s...this month!
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updates into the close...


3.10pm.. price action is very muted..a close <1800.. next to impossible.

Micro 5/15min cycles continue to offer threat of a jump into the close. >1808/10


3.37pm..hmm..so much for the micro ramp..instead...a snap to 1800. Kinda interesting..but changes nothing in the bigger picture.

3.43pm..ohh the humanity. sp -0.2%.  Bears lost in hysteria..yet?
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