The market appears to be coiling up for a rebound to the upside. With a hit of the 50 day MA, the sp' looks set for higher levels into Monday, target is a somewhat obvious gap zone of 1680/85. VIX continues to cool down.. -6% in the 13.70s.
Well, the bears had an extra opportunity to close out this morning.
There can be no excuses for whining and bitching if the sp' is in 1680/90s on Monday.
Regardless, at least yesterdays move gave clarity to the mid-term.
At a minimum, the current downside target is 1560
You can see why I'm looking for that kind of move.