US equities remain moderately weak, but the smaller hourly cycle is on the very low side, and we're set to recover (if choppy) into the weekly close, and probably across Monday/early Tuesday. What is now rather exciting is if the next up cycle merely puts in a marginally lower high <2056.
*again, note the opening black-fail candle in the VIX. Considering the holiday, and the hourly MACD cycle, we're set to see the VIX cool back to the 14s.
Suffice to add.. its been a somewhat interesting few days. Now its a case of where we close the month. The monthly 10MA stands at 2016, and I'd prefer a close under that.
Even if we're 2040s next Tuesday lunch time (when the Yellen will appear), it won't take much to get to 2015/2005 by the Thursday/March close.
time to shop...back soon