1pm update - bounce weak, but underway

The market has seemingly floored @ sp'1599, and is now in the process of some degree of bounce. Primary target zone is 1625/27, although that might take until Friday to hit. It remains a bit tricky out there, but what is clear...we ain't going up.


sp'60min

Summary

Suffice to say, I think the bounce will continue across most of the afternoon.

VIX has cooled down significantly, and is again supportive of am equity bounce.
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I remain on standby to launch a major short in the mid 1620s, with a downside target of 1480s - but that target is rising each day.


1.24pm..market testing the earlier floor.

It'll probably hold...hourly cycle would suggest it