We're almost at sp'1354 as I type, this ramp is clearly going to rattle almost every one of the bears out there. I can't blame them..it was looking kinda good yesterday morning...but no. The micro-cycles were floored, and that's why I fled back to the sidelines..and will remain until next week.
sp'60min
A rather scary Friday ramp!
VIX, daily
Summary
VIX is confirming the ramp, and is probably going to fall for a few more days. Hard to say where it will floor, but 15s are viable..briefly.
Time for lunch!