US equities remain moderately higher. An ABC bounce appears still in progress.. with the market likely to max out sometime from 12pm onward.. in the sp'1900/1905 zone. Sustained action >1910 looks extremely unlikely.. as the daily/weekly cycles continue to warn of a mini crash in the immediate term.
*I remain on standby, seeking a heavy reshort in the 12-2pm time frame.. .with sp'1900/1905, and VIX 25s
Frankly.. its playing out so far okay... market teasing those bears getting overly excited at the open... and on the minor cooling after 11am.
A C wave peak around 1pm... or so.. would be fine.
VIX update from Mr T.
Sunshine helps... even if its a chilly sun
time for tea.. or something stronger
12.23pm.. STILL on track...