10am update - bears powerless

The main indexes open moderately lower, but bears appear utterly powerless. The sp'500 puts in a marginally higher lower, and looks set to very strong latter day gains..even into the 1670s. VIX is higher, but largely due to VIX-opex. Metals/Oil..still weak.


sp'60min

VIX'60min

Summary

*I was very close to going long at the open, but no..I can't stomach this. Am utterly tired of this market.
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Opening black candle on the VIX...bears have no excuse to be still short with that.
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Default trade - as based on weekly charts..is short.

I will wait for the sp'1680s, but hey, I missed the entire last move from 1709 to 1645, so whats been the point of all that waiting? urghh
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10.16am..hmm....another micro-wave lower. 15min cycles not offering a turn/floor yet.