Not sure what I make of this anomaly? Looks like a bunch of 3's which confirms this move is a corrective.
1:10 UPDATE - Minis 1m cycling. The 200ma and TL support are in place. Look out when this goes. 15m chart TL resistance at possible double top setting divergences on larger time frames. After lunch uptick in volume (you just witnessed a low vol ramp) could lead to weakness. Could get interesting into the close or in the AM.
11:42 UPDATE - 15m minis. getting closer. Possible reversal candle here. 30m showing some weakness which leads me to think they may not meet their full potential. Not saying they won't as the PPT and the lunchtime or afternoon ramp may have something to do whit that. Remain patient.
Morning - down to 55 SPX goes. Dailys may only be in a topping process here and could churn OR the 30m turns south and embeds the 60m. Indicators are all over the map. Sadly the market has to tell us today where it wants to go.
Post is on the big blog and I'll get some picks up here eventually.
