sp'daily4b
vix'daily3
Summary
Maybe its just me, but I'm starting to get real annoyed with this nonsense market.
Not only do the bulls now have the daily cycles about to go bullish, but the weekly charts are similarly starting to show initial signs of a turn.
Frankly, shorting ahead of tomorrows jobs data seems overly risky..and right now..I'm going to sit it out until next week.
Yeah..next week. Urghh
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The only 'decent' short-trade is arguably not until we hit 1680/85...with a stop somewhere in the 1690s.
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VIX update from Mr R.
time for lunch
12.38pm.. looks like a bullish pennant on the 15min chart....should be seeing some upside into the afternoon.