First target remains 1340/35, with VIX 19
sp'60min
vix'60min
Summary
We have broken the baby bear flag, so, that's something at least for the bears today.
Right now, a close of 1340 would be best bear case. The exciting thing then is, if the market can gap lower Tuesday more than 11pts....1329s would break the larger daily up trend...and open up 1300, within 2-3 days.
More later...on what remains a quiet start to the week