10am update - messy open

The indexes are a mess, its choppy, and lacking direction. Underlying bias is to the downside, sp'1405/00 still seems possible within the next hour. VIX is weak, currently a little lower.


sp'60min

VIX'60min

Summary

I'm starting to get a bit annoyed, and its only 10am, urghh.

There is the threat of a move to 1415/18 within a few hours..before stronger downside into Wednesday.
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As it is, I remain short.
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Tranny has a giant bullish candle to start the day, but I don't think it'll last. So long as we stay <5120, shouldn't be a problem.

AAPL...death cross a'coming !  Target would be somewhere in the 475/425 range.

UPDATE 10.30am

Here is something new, and I've been wandering about it for a few days now...

Head/Shoulders...tranny...

Target would be 4900, later this week. That would equate to around sp'1375/65