sp'15min
Summary
I remain standing by to pick up (yet again) a secondary short block, SPY puts.
The typical turn time remains 2.30pm...so lets see how this hour goes!
--
Notable strength: UGAZ +7.5%...well, it sure feels chilly in London today, but..maybe its just me?
2.06pm.. sp'1845..and market struggling still....a break into the 1830s would confirm the general trend.
Not particularly in the mood for chasing it lower from here...hmm, still fear another minor wave up.
5min cycle should be flooring within 5-10mins....certainly...this would be a lousy place to chase lower...I'm waiting...perhaps into tomorrow.
2.14pm.. 5min cycle floored... up we go...at least for a bit
Hmm
2.23pm t-7mins until the usual turn..but it now looks unlikely that is a key top...
I'm still concerned of a brief spike into the low 1860s..for whatever 'dumb reason' you can think for.
2.29pm...market trying to break upward...1849....
I remain content to wait...at least for rest of this hour.
2.42pm.. standing by...this market looks weak...