3pm update - same old nonsense

For the equity bears, this is perhaps one of the most annoying starts to the week for the year so far. Not only do we have a clear spike-floor - on all daily index charts, but the market is well within range of breaking new historic highs on the Dow/SP/Trans within the next few days.


sp'daily5

vix'daily3

Summary

Frankly, the daily index candles are VERY bullish, and as ever..a spike-floor - along with a black-fail candle on the VIX..are never to be dismissed lightly.
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I remain in a tiresome mood... but I am battling away....here

*look for a daily close in the $600s.. for AAPL.
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3.28pm.. minor price chop, but the bulls look set to at least get a minor net daily gain...in the sp'1880s,. which is very impressive.


3.40pm.. For those who can be bothered...upper bol' on the daily..offering 1900/05 in the immediate term.
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For the bears out there..the only issue of note this week is the Yellen..due Wed'.. AND Thursday. It won't take much happy talk from her to give the market the excuse to break new highs.