10am update - bounce underway

Mr Market is seeing a natural bounce, that could take us all the way into the close. VIX could even break back below 20. Bigger targets remain unchanged, low sp'1200s...within a few weeks.


sp'15min

vix'15min

Summary

So, its bounce time, and it will only take a small rumour for the bulls to go crazy and have us trading around sp'1415.

I would be somewhat surprised if we break back into the 1420s.

Just who is going to be buying at those levels?
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*I am back to cash, but will look for a full re-short, later today.