The Picture so far this week has not changed and we are still in the expected high probability reversal window with runs into early next week, which coincides with a high level of exhaustion and a negative Divergence in our VIX_OSC sentiment gage and a failed break out at the 1150 (S&P500), let alone the premature equity options action and the ticks divergence.
All this is taking place going into the OPEX.
If the Market can manage to stay above the 1150 then anything can happen and the 1200-1250 must be seen as a next target.
If NOT then better buckle up.......
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