Gap up open but TLT was strong. It's not the day to chase high at all. Euro reached 1.26 so stopped gain today. $Tran made new low, so we may not see the short bottom yet. Wave 5 down will spike VIX? I hope so. In very short term, I have no idea which way will go. But if we can not break up top blue line, the market is not that bullish. On the other side, break down bottom red line, we will be on our way to SPX 99X.
