sp'60min
vix'60min
Summary
So, a touch of weakness to scare out the weaker bulls, and draw in the most naive of bears.
Nothing has changed since yesterdays analysis, I'm seeking general 'moderate' upside into the Friday opex.
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*I exited USO (long Oil) at the open, and now intend to sit back until near the Friday close.
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10.05am...well, we've broken new lows on the sp'.. 1541... interesting, not that I'm going to chase it.
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10.11am I think this is a nasty fake out by Mr Market.
Baring a breaK <1538, I'm still seeking a move into the 1570s.
UPDATE 10.29am ...I STILL think this is a NASTY market fake out to the bears..and bulls.
sp'15min
seeking a major turn upward...10.30/11am was always a good turning time zone.
10.31am...I'm calling the floor @ 1541....looking for 1560s by late afternoon.
Its a nasty market...a real morning fake out.