11am update - awaiting a minor rollover

The recent sp'1775 is comfortably holding, and the market is due another rollover, probably by the end of today. Primary downside target zone is 1735/30, which should equate to VIX 15s. Underlying pressure remains to the upside though..as ever.


sp'60min

Summary

It is obviously pretty quiet out there. I'll cover some individual stocks later today..when I get time.

A few days 'moderately' lower seems very viable, but I sure don't see sub 1700s any time soon.

There is simply a near complete absence of bearish downside power. Hell, even VIX 15/16s will be difficult.
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*earnings at the close: TSLA, DRYS..both will be very interesting to watch.