12pm update - bounce complete?

US indexes pushed to sp'1866, with VIX hitting a low of 13.73. However, once again, we have a very likely intraday reversal. The issue for the rest of today, is how many of the rats will want to bail into the weekend?


sp'60min

vix'60min

Summary

So..we have a potential hourly cycle peak of sp'1866. Clearly, the market is still holding together pretty well, but..with each attempt to bounce..the bulls look ever weaker.

Barring a truly bizarre break to new highs..>1883..these bounces remain that....bounces...to be shorted.
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VIX update from Mr T



Teens..indeed.
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stay tuned.