11am update - Its as easy as ABC

Hmm...moderate morning sell off, but the tone is very different. VIX is up just 3%, and unlike yesterday, there is no sense of panic.

I'm still expecting this to be some sort of micro-wave'2..perhaps in an ABC formation, where the B' was just completed.


sp'15min

sp'60min

Summary

Assuming B' wave near complete...waiting for C wave...target 1355/60..near the close.