sp'60min - retracements
sp'daily5
Summary
Late day weakness? With the VIX so low, you'd have to think the probability is more likely on a little weakness into the close.
Yet, there seems no power either way.
Perhaps a simple doji candle on the daily charts would indeed be the close fitting to start the week.
*I remain short, seeking the low sp'1440s later this week. Thats barely 2% lower, and it would seem, thats all the bears can realistically hope for.
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UPDATE 1pm
Market remains mostly dull..a few notable aspects..
BTU...breaking the rising trend..and showing renewed weakness today. Obvious target is $20..but thats going to be tough to hit, if the market only retraces to 1440..even 1425.
VIX remains flat...still waiting for a brief spike into the 16s
RIG, a black warning candle of a top...
A few days lower, before renewed strength into Feb/March? Probably