sp'60min
Summary
Still looks like a minor 2 wave is being formed. Maybe we'll slip in the closing hour, but anyway, it looks okay for downside across Monday.
A difficult week for many.
*I will hold heavy short across the weekend, seeking a first exit in the sp'1550s, with VIX 17s.
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3.08pm .. I still think this is just a tiny bear flag. Unless we are >1592, this is arguably prime re-short territory.
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3.38pm...sp'1585s...clearly, this is annoying to those bears getting the kick.
It still looks like a small wave'2 bear flag...just like April'12.
back at the close