3pm update - bullish F flag

US equities remain holding significant gains, with price structure on the hourly cycle offering a rather clear bullish F flag. However, it is notable that the most recent F flags of March 12th and 16th didn't work out so well for those long. VIX remains weak, -6% in the low 14s.


sp'60min

Summary

Suffice to say.. we have a clear jump higher at the open.. and look set to continue trending higher into the close.

The issue is whether this third F flag will also fail and snap lower at the Tuesday open....  difficult to say.
--

Notable hyper-snap higher in TCK, +10% in the $15s.

5min

I've no idea what is going there...  maybe a rumour on a merger with fellow copper miner FCX ?


3.16pm.. Seems TCK is being linked to Antofagasta (ANFGY)