sp'daily5
VIX'daily3
Summary
So.... now the obvious issue is 'will this end like last Friday?'
My view... no.
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We have clear breaks of trend on the bigger daily cycles, but it will be some WEEKS before we have clarity that the series of 'marginal lower highs' - from May'2015, will remain intact.
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notable blue candle...
sp'weekly6
A blue candle is a good candle :)
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To be clear though... I would refer ANYONE to the price action of last Nov/Dec'... that is what seems probable across the next few weeks.
On no realistic outlook does a straight run to the mid/low 1900s look viable in the near term.
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yours.. short.. but looking to close out this Wed-Friday.