In theory, we should see a further up wave tomorrow, and considering the broader trends, sp'1445 could be the near term top. First downside target would be 1420.
sp'60min
sp'daily5
Summary
I remain patiently awaiting, seeking a re-short around 1445 tomorrow afternoon. I am very tempted to be short ahead of the German court. Not because I assume a 'nein nein nein!', but from a cycle perspective, we are way due at least one major down day.
VIX is a touch higher, but its all noise of course.
back at 2pm