1pm update - a little higher... then lower

US indexes are moderately mixed. The smaller 15/60min cycles are offering upside into the sp'1940/45 zone.. where the market will likely get stuck. A lower low in the 1910/00 zone is then expected across Tue/Wed.


sp'15min

Summary

Things seem a little clearer right now.

We probably have a standard ABC wave'4... then a marginally lower low... <1916.

I'll consider picking up an index-long in the 1910/00 zone tomorrow/Wednesday. There looks to be a reasonable opportunity for at least the 1950/60s.

VIX continues to cool, -6.5%
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Intraday update from Riley



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stay tuned!