CIT in the works.

If we can't close above 1082 my mechanical spreadsheet will offer a CIT to DOWN. So a close at 1082 +3 or 5 point would not be very convincing.
The V day I expected so far is not happening.

Thursday-Friday

No chance of the low today( Thursday) since Wednesday was to big a drop. Look for the low Friday and it depends on how close we get to 1075/1066 on Thursday.
One worry is we are close to crossing the 50dma on the Vix make your own assessment on this chart. Also watch the Dax to see if 6100 falls easy.(no chart)

Fed day

SPX up+vix up =down day maybe 80% of the time.
Buy/sell pivot at spx 1122 aggressive and wippy.

The Bull remains

Even thought we closed on a B/S pivot I remain bullish. First we had vix dn +spx dn = up Monday or next day usually. I like the vix bearish attitude of late. We had a low on the 5th day of month that usually means we rally into OE week. (Sample below, a good high or low in first few days usually inverts) Nor a'm I over-bought. But on the other hand a take out of 1107 and for sure 1100 Spx would change things fast. You can't sleep at the switch with this light volume. Net net the week is UP.