2pm update - sleepy afternoon

US indexes hold moderate gains, with a VIX that is entirely reflective of a much calmer market. Friday is opex, but there looks to be high opportunity for continued melt into the sp'1965/70 zone... at which point we'll likely get stuck.


sp'60min

Summary

The 1.6x fib extrap of the wave from 1904/44 - offers the 1970 threshold.

That seems a very viable 'best case' tomorrow. I suppose it could drag out into next Monday - with an intraday reversal, but my guess is we'll see 1960s tomorrow.
--

It remains tiresome...despite being on the right side of the current trend.
--

Notable strength: DRYS +2.9%.