sp'15min
Summary
Seen on the small 15min cycle, you can see a rather powerful reversal candle...with a very clear spike-floor.
When you consider the opening black-fail candle on the VIX, this is just another classic example of why I do try to be VERY mindful of such candles. They can be very important signs.
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so.....rest of today?
A daily close in the sp'2000s is clearly viable.
Daily cycle offers 2010 in the immediate time frame... weekly cycles offer 2030s in the near term.
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As much as I don't like to note it, the low sp'1970s now look... unlikely.. it would seem we have a key floor of 1978... with VIX @ 14.53.
Yes.. we have the FOMC tomorrow..and that might see a 'brief' drop... but I sure don't expect the 1960s.
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time for a walk... I need some sun.