3pm update - vague signs

One hour left of another crazy week. Lets not overlook that we made new highs on Tuesday, and broadly speaking, the primary trend remains higher. VIX has shown some power, but even a bounce into the 17/18s would do very little to negate what has happened since the New Years Eve reversal.


sp'60min

vix'60min

Summary

Hourly cycles offering very vague signs that this latest bounce is about done. A flat close just looks out of range, so, we'll be closing the week on an upward note.

Those bears still out there, had better hope Monday is a down day. 

What remains absolutely clear, a move under sp'1480 looks...impossible at this stage.

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back at the close.