11am update - cyclically set to bounce

US equities remain moderately weak, but the smaller hourly cycle is on the very low side, and we're set to recover (if choppy) into the weekly close, and probably across Monday/early Tuesday. What is now rather exciting is if the next up cycle merely puts in a marginally lower high <2056.


sp'60min

VIX'60min

Summary

*again, note the opening black-fail candle in the VIX. Considering the holiday, and the hourly MACD cycle, we're set to see the VIX cool back to the 14s.
--

Suffice to add.. its been a somewhat interesting few days. Now its a case of where we close the month. The monthly 10MA stands at 2016, and I'd prefer a close under that.

Even if we're 2040s next Tuesday lunch time (when the Yellen will appear), it won't take much to get to 2015/2005 by the Thursday/March close.

--
time to shop...back soon