10am update - minor decline

We're seeing a small decline, but its barely 0.5% Even a move down to the low 1420s does no significant damage to the bullish outlook. VIX is +4%, but thats still 35% lower than the recent spike of 22/23


sp'60min

Summary

I'm not getting involved in this mess. The MACD cycle on the hourly says we're low, and we could still easily close slightly higher.

Indeed, for the longer term traders, this morning is arguably just another buying time.
--

As noted earlier, I'd consider a brief re-short, after the next up cycle is complete.

UPDATE 11am

I'm still looking at a bounce..maybe a new high..don't know yet...

See MACD cycle. A re-short early Tuesday..perhaps.