11am update - rolling over, if only a little

US indexes have got stuck just under the Fed minutes high of sp'1872. We're seeing a rather clear rollover on the hourly index cycles, with likely downside to 1850/45 zone by early Tuesday. VIX is clawing higher, but even the 15s look difficult.


sp'60min

Summary

So...minor gains..and now a rollover. Problem remains, there really isn't much downside power, and the QE is going to offset much of what sell side there is.
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I suppose the day-trading bears might be shorting this - with a stop in the 1870s, but I'm...refraining.

For me, the only decent trade right now is long-index, from 1850/45..tomorrow.


11.23am.. minor up wave...kinda tiresome, and it does look like over half of the 'usual' people aren't even logging in today.

Oh well