US indexes are seeing a little weakness this afternoon, but still holding the short term up trend. However, that seems likely to break late today..or early tomorrow. Mr Market should comfortably hold the 1945/35 zone into the weekly close.
sp'60min
Summary
Little to add.
A new high...a reversal (better seen on the daily charts)..and a minor down cycle.
GDP data tomorrow will be a fair excuse for a move into the sp'1940s... problem is.. sig' QE of $3bn....bears...beware!
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3.12pm break of trend.... 1940/35
3.21pm.. weak weak weak.... VIX headed for 12s