1pm update - seeking a little more weakness

The market is still broadly climbing, and the current little wave lower is surely nothing for the bears to get excited about. A close <sp'1630 looks very unlikely, with the 1650/60s seemingly likely this week.


sp'15min

Summary

Not the most exciting of days, and indeed, this could be the style of trading for some weeks.
--

*I remain on the sidelines, but am seeking to pick up an index-long position within the next hour or so. A low around 2.15/30pm today, seems likely, with meltup..into the close.
--

VIX update from Mr T



So, a few are picking up some crash protection, although the $ amounts in involved are extremely small. Its not unusual, and really shouldn't be seen to mean anything.


1.30pm...market still looks like its due another tiny wave lower, 1632/30 area..by 2.30pm

At that level, i'll look to go long, not that i'm in a hurry!