US equities remain seeing some extraordinary nano/micro swings, as the battle continues. Some traders/commentators are calling sp'1867 a key low - along with VIX 53s. However, the bigger weekly cycles continue to offer a full test of the Oct'2014 low of sp'1820... and even the 1725/00 zone.. within days.
Suffice to say... lets see where we are trading in the 2pm hour... I suspect we'll max out there.. and fall into the close.
*I will consider an index short at that time...
VIX update from Mr T. due
*seemingly a no-show*
lunch is served... back at 12.30pm...
12.27pm. The bounce is getting a little strong, and as things are.. any index-short looks overly risky. After all, there is obvious upside to 2040/50.. or even 2070s.. before resuming lower.
Yours... very cautious