11am update - bounce well underway

Market is cleansing away the weaker bears, and sucking in some of the dumbest bull maniacs out there. A move to 1390, maybe (briefly) even 1395/1400 is possible this afternoon. I find it near impossible to consider the market closing over 1400.


sp'15min

Summary

I'm giving this at least a few more hours to churn, and max out. Hopefully, it'll max out around 2.30/3pm...and then slump in the closing hour - setting up a major collapse wave on Monday.

VIX is holding up a little better than I would have thought, -2%

back at 12pm

UPDATE 11.35am

Maybe (although I was looking for the same thing  yesterday)..we'll see an ABC wave up into 3pm

Regardless, near term trend is up..probably for a few hours.
Hourly chart is trying to bust above the 10MA @ 1385. That would open up 1390/95