3pm update - rally into the close?

Despite being a Permabear, I am indeed riding this mini ramp wave. A bounce was indeed very overdue, although its unlikely to last very long, late Tuesday morning or so. We could see quite a little truck load of bears get stopped out in this closing hour, causing reverse cascade UP all the way into the close.


Sp'60min

VIX'60min

Summary

Bounce underway, target is 1285/90. We could still climb to 1300 - it'd certainly make for a more normal 'hit the big level, then fall away' scenario.

With the VIX red, we could easily rally for 2-4 more trading hours. Bears had all day to close out...its possible they could be real annoyed at the Tuesday morning if we gap up 1% for some nonsense 'rumour' reason.

More after the close.