12pm update - main target zone met

A good morning it has been. Having re-shorted at sp'1373 yesterday, I just earlier exited at 1351. That makes for a great move across just 3 trading hours. I am back to all cash..and will now sit back, and let the algo-bots ramp this nonsense back to 1385/95 before redeploying the heavy artillery next week.


Sp'60min

Vix'60min

So, I'm done hitting buttons today, and right now, I'm guessing I won't trade again until later next week. I can't go long for 2 reasons. 1. The daily/weekly cycle argue against it. 2. My stomach won't tolerate it.  ;)

I would guess we do indeed have a multi-day bounce now..into opex week. I will look to short around 1385/95. I can't guess what day that might be right now...if its as early as next Tuesday, I'd probably short then regardless.

For anyone taking long positions, the stop levels are clear..todays low of 1347..or a loser 1340/35. Anyone short..should have bailed/stopped out this past hour.

More later...

11am update - looking to get stopped out

A good day in the bunker. Soft target 1350 almost met already....primary targat of 1340 very viable by the close.


Sp'60min

*Holding short, but with a tight stop of 0.05%....looking to cash in some gains, and watch a multi-day bounce from 1340 to 1385/95 into opex.
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10am update - looking for 1340/50..today

Underlying market weakness continues. Primary target remains 1340.


Sp'60min

VIX'60min

Summary

Holding to earlier notes, looking for an exit from short position near end today. I 'hope' for 1340..although anything under 1350 would merit a good exit for the bears I'd argue.