We are probably near the ceiling for the indexes. I don't expect yesterdays sp'1485 high to be taken out today, getting stuck around 1482/83 ? VIX 11s look just too far out of range. Metals showing some weakness now.
sp'15min
vix'15min
Summary
The smaller cycles are very clean today...it almost seems too straightforward.
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Still seeking a retracement in the indexes to the low sp'1440s, with VIX at least in the low 16s, which now seems viable late next week.
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Despite a 3 day weekend ahead, with the smaller cycles as they are..I think I might pick up that VIX call block. March 19s look nice.
updates...as necessary...
UPDATE 2.30pm . 5 little waves on the VIX ?
vix'5min cycle
Maybe a truncated fifth wave, by 3.30/45pm ?
As it is, I'm still waiting.