12pm update - still clawing upward

US equities are holding minor gains.. and look set for the sp'2070s before the close. Price structure is a rather clear baby bull flag on the smaller 15min cycle. Gold remains weak, -$4. Oil remains significantly lower, -2.7%... hovering around the key $50 threshold.


sp'15min

sp'60min

Summary

Little to add.

Market looks set to claw upward... and as a fair few are aware of... the Yellen is set to speak at 3.45pm at a west coast Fed conf.

Whether the market will see some of the rats selling into the weekend... difficult to say.

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VIX update from Mr T.



*that is a pretty sig' VIX call purchase... yesterday afternoon.
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time for lunch