trans'60min
sp'60min
VIX'60min
Summary
What is clear, bears need to see this latest bounce fail, and close under it.
Tranny H/S formation still intact, but its borderline again, must not >5120.
Weekly charts are now flashing provisional warnings...will update those later.
UPDATE...well, they've broken the channel lines...and bears are in real trouble..again.
A close over 1420 would be..devastating. Any of the serious bears will have just got kicked out.
I'm getting rattled by this.
The underlying trend IS down, but...a close >1415.. and certainly >1420..would really mess things up.
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Still 4 hours to go, and thats long enough to once again reverse back lower..even below the morning low.
As ever..this market is pretty twisted.
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UPDATe 12.17pm. I'm annoyed with myself, should have stopped out @1402 at least, could have reshorted >1410.
Looks like a possible spike top for this latest round of lunacy..
I sure want to see <1410..within the next 30-90 minutes.