11am update - battling higher

Opening gains...a bit of chop, but underlying pressure - as seen best on hourly charts, remains to the upside. A close in the 1590s looks very likely, with VIX -10/13% or so. Further follow through early Wednesday looks briefly viable.


sp'60min

Summary

A bit of a confusing mess for those not keep their eye on the bigger picture.

Near term trend is UP...target is somewhere around 1600/05/10.
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Main trend remains down, and I am indeed STILL seeking a hit of the lower bollinger' on the weekly charts...currently @ sp'1495 (but rising!).
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I remain looking for a full re-short....which now seems likely not until early tomorrow.
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VIX'60min

Seeking a gap-fill. At least into the mid 17s.