12pm update - trying to floor

Market is still battling to keep above yesterdays sp' 1388 low. VIX is -4% or so, even though the indexes are weak. That is not a good sign for the bears holding across the next few hours, in what may be a significant C' wave to 1405/10.


sp'15min

vix'60min

Summary

A tricky morning.

*Having exited @ 1392 earlier, I am again seeking a re-short later today, sp'1405/10, around 3pm or so.

I certainly wish to be short ahead of tomorrow, which might see a further major wave lower, at least to the 1380 level.

Keep in mind those bigger weekly cycles, which suggest at least a further 2-3% lower.

time for lunch !

UPDATE 12.30pm

SP' breaks the 1388 low from yesterday, but is back to holding over.
Indexes still look like they are going back to 1400, and even a nasty spike to 1405/10.

VIX is possibly a tell, very weak.

sp'15min - seeking a C wave UP.