11am update - on the edge

The main indexes continue to hold moderate gains. Bears have already been teased with one micro rollover, but there is still the threat of a break into the 1660s. A daily close in the 1660s would bode badly for those short into next week. Despite equities, VIX is holding about flat.


sp'15min

vix'60min

Summary

A close up of what 'might' be a H/S formation on the 15min chart, clearly shows the battle line. A few hours >1660, would be 'annoying' to put it mildly.

ALL daily index charts remain bearish, despite the current gains.
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Perhaps the VIX is the tell right now. Its holding very strong, although yes..from what remains a very low level.

*I am HEAVY short, from sp'1651, and also this morning from 1658. Seeking an exit <1640.