11am update - provisional floor

US equities have put in a reasonably secure floor of sp'2077.. having swung from an opening high of 2098. There is notable weakness in the USD, -1.2% in the DXY 93.90s (primary target from 100.71). Metals have swung moderately lower, Gold -$2. Oil is holding sig' gains of 2.6%.. as inventories are negative!


sp'60min

Summary

We have a pretty clear floor of sp'2077.. and the current hourly candle is offering a double floor.. from the low of April 30'th.

VIX is naturally cooling.. having maxed out at 15.66.

For the equity bears out there... that is probably it for this cycle... having fallen from 2125.

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I'm not surprised Gold has turned lower (opening black-fail candle).. but am currently suffering from a mild case of trader paralysis. Oh well, at least I'm not losing money.

Will consider a GLD short on the next micro up cycle into the afternoon.
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re: USD - via UUP

We're just about at the start of primary target zone of 93/92s... 

If main market can rally to sp'2170s or so... perhaps that equate sto DXY 90/89... before the next hyper wave to the 120s?