All things considered, so far today is good turn day. Yet we are still very much in the down channel on all indexes. Only with a break above and outside the channel can we even say we've stopped this 13 day down cycle.
Dow'60min
VIX'60min
Summary
Bulls need a close over dow 12550 to confirm an initial break. I don't believe we'll get that today though, but its certainly viable tomorrow morning on an overnight gap - if Asia has follow through to the upside.
*I remain long (underwater from sp'1334), first target remains at least a back test of the old support level of 1340. Considering how deeply low the daily cycles are, we could certainly reach that target later this week.