11am update - higher low.. or lower high?

US equities remain significantly higher, with the sp +29pts @ 1913. There is rather critical declining resistance of 1915 at the close of today.. and equity bears should be desperate for a close under it. VIX is naturally cooling, -6% @ 25.00... but offering a reversal candle... much like last Friday morning.


sp'60min

sp'daily5

Summary

The ultimate issue now is whether the next smaller down cycle merely puts in a higher low.. or breaks <1872.

The daily MACD cycle is starting to tick upward... and if it holds into today's close..  its a major threat for those holding short... including yours truly.

So.. I'm awake.. getting my ass kicked... and wondering if we have a marginally higher low of sp'1872... or if this is just end month nonsense.

What should be clear... the month will STILL end net lower.

stay tuned....