US equities have seen a morning floor of sp'1925 - with VIX having maxed at the open @ 31.95. A natural retrace of last weeks three day hyper ramp of 126pts has likely been completed. It would seem just a matter of time for when we'll break to new bounce highs (>1993).. which is possible before the Friday close.
*VIX has been unable to break the opening high... and both the 15/60min cycles are both on the high cycle. A daily close in the 27/26s look possible.
So... a fair bit of price chop.. and all things considered, we've probably see the retrace play out as expected.
I would only be surprised on any break under the 1900 threshold.. and frankly.. that seems highly unlikely.
Yours truly is once again Long-AAPL, from the $110s. Seeking the 115s.
time to cook... back at 12pm