There is certainly no point shorting at this time..or price.
sp'60min
vix'60min
Summary
So..I'm just waiting, and considering the MACD hourly cycle is still negative, I will very likely wait until tomorrow.
There is still a very viable chance market will hit 1445..even 1450 tomorrow..BEFORE the FOMC announcement at 12.30pm.
I have no concerns about shorting at the current level, but I do think there is more upside to come.
The most patient bear...gets the best entry price ;)
Back at 2pm