sp'daily5
vix'daily3
Summary
Suffice to say...the bears now have the daily and weekly cycles in their favour. The Dow will flip negative on the monthly cycle in Nov'..even if it doesn't fall any further this month.
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With no agreement in sight..there is little reason to believe the broader (if not exactly dramatic) falls will continue for the rest of this week.
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3.22pm... market struggling just to claw back to sp'1660...and VIX looks like it will put in a very comfortable close in the 20s - the first one since June.
3.26pm ...hourly index cycles trying to put in a floor..but even the 1670s will do nothing to counter the main down trend.
3.33pm..and there she goes '..we're off the lows of the day'.
Clown finance TV head cheer leader.. Bartiromo, surely paid per use of that line.
3.52pm.. Rats selling into the close. Who wants to be going long right now, with no agreement in sight?
VIX peaked 21.01...should just about hold the 20s into the close..although surprisingly we're only talking about a daily gain of around 4%.