2pm update - still battling higher

Mr Market is still battling upward, and we now have the Nasdaq above the April'11th highs - equivalent to sp'1597. SP' itself is imminently set to break that high, and a daily close in the 1600s should cause major concern for those seeking downside across May.


sp'60min

vix'60min

Summary

Suffice to say.. a lousy start to the week. There are a few 'small signs' things might be better for the bears tomorrow, but arguably the big/serious money already got short stopped out today, if not last week.

Only the reckless remain.