With the closing hour sell off, things are not looking quite so bullish after all. Although the mornings bullish signals are still valid - so long as VIX doesn't make a new high, and the indexes hold above last Fridays low. The 'serious money' bulls will have good stops at least no lower than equivalent of sp'1290.
IWM'60min
Dow'60min
Sp'60min
Summary
A very messy closing hour. Those Greeks are sure messing this market up!
However, the daily chart is still only at day'2 of this new cycle, there is plenty of upside potential this week.
*Dell earnings just out...sucked.... stock is down -5% or so.
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What is clear, Bulls need another significant up day - probably at least equal to Monday, that will decisively break ALL indexes out of the down channel.
More later in the evening