12pm update - hysteria amongst general weakness

Whilst Twitter battles to hold the mid $40s, the main equity market is weak, with the Trans/R2k, lower by a rather significant 1%. Metals and Oil are both weak, with the stronger USD no doubt being an added pressure.


sp'60min

Summary

An interesting morning. Sp' hourly chart tells the story. An attempt to break new highs...failed..and we're taken out soft rising support.

There remains 'reasonable' opportunity of a move down to the gap zone in the sp'1735/30 zone.
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TWTR, daily

The $50 psy level will be damn tough to break. Similarly, there seems significant support at the opening level in the 44/46 zone.

If we trade <40 this afternoon, the closing hour could be VERY entertaining.

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VIX update from Mr T.



time for tea :)