However, clearly today there are a lot of very disgruntled and moody bears out there. Surprisingly, I'm not one of them, having bailed at the open.
Sp'60min
VIX'60min
Immediate 2-6 hour trend is still upward, but yet we could still drop pretty hard in the last 90minutes of today. Its time to move to the 15min cycle
I continue to remain open minded, and consider a re-short before the close, the typical 'ideal peak' would be around 2.30pm - so just 30mins to go.
Top of the bear flag (pink)..sp'1375...we should be hitting that this hour.
Sp' 1340 remains the primary target, and that IS viable as early as tomorrow.
--
update. 2.15pm
Short, from equivilent of sp'1373. I might be a few hours, even a day early, but I'm shorting from 1% higher than my 9.30am exit..that'll do.
Lets see if we see some weakness into the close.