The opening gains are still holding to a large extent, but its nothing significant, and those on the long side have a problem as we proceed further into the trading day. Transports failed to break the 4 day top, and is showing initial signs of weakness. Despite moderate index gains, the VIX is holding together,
trans'60min
vix'60min
Summary
I am seeking a flat close, or preferably a touch <sp'1410. That'd set up Tuesday for a move to 1402/1398..where we might get stuck again.
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Watching the weakness in AAPL and FB is quite amusing.
Trans, daily - a very rare 5 candle spiky flat-top!
A red close seems very viable now.
