Strong rally off the recent swing lows, choppy, but the bias is definitely up, as a Summer Black Friday is upon us.
My VXX and VIX indicators have still not turned into a BUY (SPX sell) but they are approaching that condition.
Still, the Bulls have the ball and can run with it, all the way to the record highs.
My personal opinion is this is a massive top being formed with a predominantly bear market in late July to September, a brief rally, then down again into October, and then an end of year rally. But, all that is some time away, let's focus on now.
I am still partly short, had a hard time trying to get fills yesterday but I take what I get, and look forward to add more shorts on this fizzling, bubbling, terminating rally.