2pm update - now its time for the Bernanke

The Bernanke is next due to speak at 2.15pm - as covered on all the major clown networks. Lets see if he gives the market a good scare ;)  VIX is marginally lower, but..it could easily close moderate green, and would confirm a possible top in the indexes.


sp'60min

iwm'60min

*could be a near perfect double top on the 15/60min cycle charts for IWM/ rus'2000.







Sp, daily, 4mth

*I would find it very surprising now if we can break above 1363, to the secondary zone of 1380/90.


Summary

I am now short (via IWM puts) from equivalent of sp'1358. Looking for 1335, then 1305/00, within 2-4 trading days.

Good wishes to all those patient bears!