sp'15min
sp'60min
Summary
Its a very quiet open, and there just doesn't look like much to motivate the market.
With the recent trend being to the downside, I have to think there is very significant risk of further melt lower into the late afternoon.
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For now, I'm simply not getting involved.
I'll consider long 1635/25...or short 1680/90.
Until either of those...I remain a mere watcher.
10.42am.. and sp'500 BREAKs above channel.
Door is now open to an easy 1665/70....and then 1680/85
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I am not chasing it though.