12pm update - Permabear..still long

It sickens me to my stomach, but I am still holding long. This morning was obviously a really rough few hours for anyone long, and yet here we are again, seeing a pretty strong ramp - arguably even stronger than yesterday afternoon.

The VIX is getting smashed, we have triple divergence on the MACD cycle..and it looks like we'll soon attempt to take out yesterdays closing level. Even sp'1370/75 is not out of range today at the current rate of increase, although my best closing-level guess would be somewhere between 1360/65.


SP'60min  - H/S formation

VIX'60min

Stay tuned..more across the afternoon!