*closing hour action: with no real sell side pressure, indexes see a latter day recovery, breaking a new cycle high of 1947, having battled upward from the Jan'20th low of 1812.
Little to add, on what was a rather tedious day.
In some ways, it could be argued to most, to just walk away for a week.. or even the rest of the month.
First real opportunity of next powerful downside action is not likely until March.That doesn't mean there won't be tradeable swings of 2-3%, but from a bearish perspective, I don't much like the idea of shorting from anything until 1970s.
more later... on the VIX