The volatile up and down session doesn't change our outlook from the past two days, we're short from yesterday's high, and have a buystop in place with a close above 1200. Momentum in this leg up is contracting. 4 factors of our quantitative chart are still biasing us towards the downside.
The VIX popped then retreated back to support, a close under 16 may alter our perception, but for now it looks solid enough to walk on.
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Best Regards and good luck trading!
Disclosure: Short SPX from 1190