The VIX is offering the first sign of a near term floor, having hit 12.98.. along with sp'2108. There is a rather clear gap zone from the 14.70s to 16.80s. A Wednesday washout to sp'2080.. with VIX 15s looks very viable.. before resuming higher into next week.
Little to add.
For the equity bears.. its been a rough time since last Friday morning. Regardless of any weakness this afternoon.. and tomorrow morning, the broader trend still looks upward into August.
Rumours of a $31bn buyout offer... but right now... subsequent chatter of denials are flying around. Crazy.
I've eyes on INTC.. perhaps to pick back up tomorrow late morning.. right now the 29.50/30 zone looks viable.
VIX update from Mr T. .. better late than never.
time for a cool drink