11am update - major down cycle...due

Mr Market's opening gains look like they will vapourise imminently. We are due for a major down wave, breaking back into the sp'1380s..testing the recent low and big 200 day MA @ 1385. Bears should be seeking a VIX testing 18 later today.


trans'60min

vix'60min

Summary

Are we having fun yet?

The tranny H/S formation is holding....and as I type..its snapped.

We remain on track for 1385.
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I remain short, and comfortable about holding all the way to sp'1385, which still seems viable.

sp'daily5f

Strike'1 for Mr Market...  3 strikes..and we fall...hard.
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AAPL, leading the way..

Target..$500..and a break

UPDATE 11.18am A micro-bounce...shouldn't be an issue. Daily trends are ALL warning of major trouble.

Looking good, first target remains sp'1385
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UPDATE 11.35...ohoh, stupid bounce, back to flat on the sp'500  It had better not go >1415..or that'll be a real problem.