Until we break sp'1330..and eventually 1310/05, this market is NOT yet confirming the big wave lower.
sp'15min
sp'60min
Summary
I've bailed on all my short positions at the open, I think its time to sit back for a few hours, and see how things go. I'm still bearish about the FOMC minutes to be released later, but still, as I type, I'm seeing the indexes show a minorsnap higher.
To be clear, I'm fine with the bigger picture, I just fear one final ramp higher, that might even put in a higher high of 1375/90.
more later....