12pm update - afternoon chop

Market remains behaving as I expected. Looking for a minor rollover after 1/2pm, and closing somewhere around sp'1362/64. I suppose we could close 1370, but I think that is more likely for Monday.


SP'60min count'2.

VIX'60min

The giant black candle on the VIX at the open was indeed precisely what I looking for, and for the indexes we saw hollow-red reversal candles. It doesn't get much better that that.
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As noted...I am sitting this out until Monday or Tuesday.

The MONSTER wave'3 is still due...good bears will be carefully planning their re-short levels for next week, along with GOOD short-stops.
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Time for lunch !