Good morning to those just waking up. The bear flag from last Friday has been confirmed.
For those of you who have read my weekend postings, you know my broader outlook..and today is merely a small move in the overall down cycle.
VIX is showing a nice gain..breaking last Thursdays high.
Anyone going long this week is a maniac.
*I remain short, but will probably exit at the base of the next 15min cycle, that could easily be by 11am.
I will short EVERY intra-day spike/bounce.