10am update - on schedule

Its all on schedule right now :) We have all the main indexes putting in further gains, the VIX is a little lower, with the market is looking forward to more printing to be announced tomorrow.


sp'60min

sp'daily5

Summary

Its looking pretty good for a re-short somewhere in the 1445 range late today/early tomorrow. I'd guess worse case upside is a brief Thursday spike to 1450/60 if QE is announced.

Downside is at least 1420, probably 1400, and possibly 1375 by month end.

For the moment, I am still waiting for the underlying MACD hourly cycle to crawl higher..and then level out.

We might level out by around 2pm or so. If so, I'll likely short near the close.

Back at 12pm