3pm - back on the short train

The Choppy Monday may have reached its peak. With one hour left of the trading day..lets see how we close! No one can have any excuses today, bulls got their chance to exit in the low 1370s (when 1350s were looking likely last night)..and bears can short from comfortably higher levels. The bigger picture remains bearish, unless we break higher than 1385/95.


Sp'60min cycle

VIX'60min

I re-shorted around 45mins ago..at equivalent of sp'1373. Target remains 1340 for the next exit.

The closing hour might offer a clue as to the mood early Tuesday.