sp'15min
Summary
*I remain on standby to launch a short-index position. Am watching the smaller 60/15/5 min cycles.
Certainly, anything much above 1986... is pretty tempting.
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Notable strength in the Dow, +100pts.... hmm
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9.56am... SHORT-indexes (via SPY) from sp'1981.... smaller 5/15min cycles look tired.
I suppose we might go higher to 1990... but I'm content with my entry...
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10.00am.. So, I'm short from 1981.. lets see if we can get a weekly close in the 1960s... or far better... the 1950s.. with VIX 18/19s.
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10.15am.. Okay.. here is something pretty significant...
Trans.... unravelling...
Starting to look like we have a clear 'marginal new high'... with a strong reversal.
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10.26am.. Miners continue to implode.. GDX -4.2%.... incredible to see.. but as expected. Only another 25% to go !