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[dTraderB]

Will continue to hold shorts and add above 1415 but this market can break above 1420 next week. The big question is whether this will be a retest of the recent highs or a dead cat bounce within the new IT bear phase. Breakout above recent highs will tell us all we need to know. For now, this appears to be a dead cat bounce that will soon fizzle out. Keep that VIX chart on your screen, and the SPX hourly with 7 & 20 ma, RSI-5 and ROC-5, MACD 6,13,5