1pm update - hourly cycles suggestive of minor retrace

US equities continue in what is relentless melt mode..all the way from the sp'1864 low, which now looks a long... long way down. However, hourly cycles are set for a down wave, first target would be the low 1940s..where is there is a rather obvious gap.


sp'60min

Summary

So..MACD cycle.set to turn bearish this afternoon.. with a minor retrace to 1940 or so..viable.
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As I've said many times though, I think such moves - within a large up trend, are largely untradeable - at least to 'most' in retail land.
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*I had eyes on WFM, but that is now back to positive, and I have little interest in buying in the low $41s


1.25pm.. ohh the humanity...we might actually slip into the 1940s again this afternoon.

1942/00 early tomorrow, before the QE..and then up?