sp'60min
vix'60min
Summary
Clearly, near term trend remains upward..and there is no point in shorting this..yet.
Bulls should arguably be tightening stops..in case of a reversal, which could easily come at any time.
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*I've a soft target for the VIX of 15/14.50 within the next few hours.
If we can level out on the MACD cycle by 3pm..I will seriously consider a re-short - for a fifth index wave lower across Thurs/Friday
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back at 12pm