Quick Market Update

The SPY and DIA now have clear 1 min intraday positives, I'm guessing it will be a bang the close type of deal and the VIX will be what gets smashed, but it seems very clear they need something like a VIX smack down to make this happen, organic buying demand does not look like it's there at all, it's almost as if this flat range is a battle between distribution and trying to hold it up long enough to bang the close.

Overall I would not call that a healthy market by any stretch of the immagination, it's strange and I'm happy to have kept the trading shorts open.

I'm going to check currencies and see if they may try something there, but that's my best guess, bang the close/smash the VIX to do it.