11am update - smaller cycles resetting

Mr Market is merely resetting itself for another up cycle. The hourly cycle is already 30/35% reset, if Friday is a flat close, we'll be set for a higher Monday close, perhaps >1474. With the R2K and Transports already over the equivalent of 1474, the outlook is to the upside.


sp'60min

vix'60min

Summary

You can see the MACD (blue bar histogram) which is ticking lower, and it'll probably be close to zero by the Friday close.

Perhaps an initial lower open on Monday, but closing higher?
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The VIX hourly chart just looks...bizarre. That was indeed a record breaking 2 day fall in percentage terms.