US equities remain choppy, with the SPX printing a marginal new intraday low of 6642. VIX has recovered to the 27s
sp’15min
VIX’60min
Summary
*I’ve added a 5 wave count to the micro 15min cycle.
The 200dma …. 6604.
Any price action <6600 would merit alarm bells.
The financials argue the main market will follow upward.
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notable stock: PLTR
Structure is a bull flag/pennant
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notable fin: JPM
Yesterday’s hollow red reversal candle played out.
S/t bullish into the Fed
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notable strength: MOS
Just a cooling wave to fill the gap.
Bullish fertiliser!
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notable silver ETF: SLV, 15min
Cyclically very low.
I hold two moderate size blocks… am comfortable to hold into next week.
time for lunch