11am Update...nasty market

This is one nasty market. They swept out all the weak bears at the open...then....they whack it lower..and knock out all the bulls they had sucked in who were chasing it higher. Now, they look like they are making a floor...and market will still close higher by end of the day.

A double stop-sweep, I guess you might call it, all within the space of an hour.


Sp'60min

I'm guessing the MACD (blue bar histogram) cycle will level out within the next hour or two..and we will close higher, with probably Tue/Wed' getting us near 1395/1405..before falling after OPEX.

More later...good wishes..on what is a tricky trading day.