11am update - time for a down cycle

US equities have built moderate gains, but there is high likelihood for a down wave into the afternoon.. even with most indexes turning slightly red. Regardless, bears are generally weak.. and primary upside target is the 50 day MA in the mid 1950s.


sp'15min

Summary

*I intentionally got stopped out at sp'1941.. am content with that...considering in at 1912 last Wed'.
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So... its typical turn time....lets see what the bears can manage by 2pm or so.

Best case downside is probably 1928/26....at which point I'd be a buyer.


11.12am.. still stuck around 1942/00... hmm


11.14am... R2K +1.3%... certainly...showing no sign of weakness. The 1160/65 zone is viable by Wed/Thursday.


11.21am.. R2K +1.5%.. .starting to be a powerful day.

Market in melt mode...next level .. sp'1955.. the 50 day MA.