sp'60min
Summary
*price action on the hourly chart looks like a micro bull flag, with good support above the hourly 10MA of 1647.
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Well, I'm glad I've been giving the bull maniacs some time to bounce. Today's move was the sort of thing we've seen a few hundred times across the last few years.
No reason why tomorrow won't open higher, then we'll see whether the bulls can hold the 1660s for more than an hour or two.
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*I am seeking to short the main market early tomorrow..in the sp'1660s, with VIX in the low 15s. Even if the sp'1660s are hit tomorrow, I think market should close the week in the 1640s..if not lower.
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bits and pieces across the evening.