Wheeeeee! Alright! Covered shorts right after 1:00 p.m., unfortunately just before a VIX spike and 10 point drop to 1044.50 which would have increaed profits greatly, but oh well, you can never pick the exact tops or bottom unless you just get lucky. (rather be lucky than good).
Short term - Market has created positive divergences on many time levels. Perhaps a shot down and then rally up into overbought conditions before we resume the downside.
Wait and let the market tell you what it is going to do.
LET'S RIDE THIS ROLLER COASTER!
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