sp'60min
vix'60min
Summary
Well, as I feared, the market is still battling higher.
The only issue is whether the upper gap in the 1680s is going to be hit in the current wave.
The mood out there certainly doesn't feel bearish.
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*I remain on the sidelines..trying...vainly..to remain focused..but with an open mind. Urghh
sp'daily4b
Just another 1-2pts..and bulls should be able to then manage 1668/70
10.03am.. econ-data comes in better than expected....
It really doesn't look good for bears right now. A full gap fill in the 1680/85 zone now looks more likely..than not.
If thats the case..no point shorting until next week.
10.39am.. I just don't sense any real downside action viable today. Market is seeing some chop in the mid 1650s..but really, that doesn't suggest anything significant for later today/early tomorrow.