3pm update - tricky closing hour

The market has clearly broken out of the down channel, and the sp'1680s look likely. The only issue is whether a further down wave is viable. The cautious equity bulls will be exiting into close. VIX is lower, but only by 4%.


sp'60min

Summary

*were I long from early this m orning (which I was not)..I'd be exiting now.

How we close..is too tricky to call. 15/60min cycles could easily rollover again, and even the 1630s are viable.

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It remains a relatively quiet market, and the only thing moving things around are the bond yields.
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