2pm update - almost a breakout

With a spike floor of sp'2000, the market is making another play to break the declining resistance (which will be around 2012/13 this hour). A clear break >2015 would trigger a fair few short-stops... with a marginal net daily gain... not that it will be enough to negate a January net decline.


sp'60min

VIX'daily3

Summary

*Tis a long day... and I'm getting tired.... I'm trying to hold off on the chocolates until late night (.. a Gold Rush night)
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Suffice to say... lets see if we get a break...

VIX daily candle... now a black-fail... bodes in favour of the bull maniacs.
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stay tuned!


1.58pm... sp'2015... short-stops are clearly getting hit... market pushing here...... to turn green.

R2K is notably weak though, -1.2%... urghh


2.10pm... sp'2016... market starting to break up and away... first upside target is 2035... viable at the Monday open.


2.26pm.. clear break of trend in equities.

What is surprising.. Gold is not cooling, in fact... gaining, +$23, almost negating the Thursday decline (27$)


2.29pm... sp'2021... a full 1% above the low.... 2030s for the close?  VIX set to turn red 

Woah.................... just noticed...... Oil +8%

What the hell ? Did peak oil just get declared... again?
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2.43pm... twitchy Oil cools 1% or so... sp' back to red.. but still.. we have broken resistance...