it appears to me that 1520 seems to be a top... any thoughts?
I am not sure yet. It was encouraging that the SP500 closed above 1515 yesterday. The move was on weaker volume though.
So far it looks the intraday top is 1521 unless we see some announcements from politician.
In this case, S&P is a downside trend (possible to see S&P 1490 in 6 to 8 trading days).
S&P is breaking out of the daily trendline to the upside now.
Yes, it looks like you my be right. I am thinking about a long VXX wuth a short leash.