The sp'500 is offering a couple of candles with spikes.. and those usually bode for renewed upside. VIX has cooled a little, but still +12% in the 17.10s. It remains an increasingly messy situation, with threat of another wave lower to the sp'2040s - with Dow 17000... before greater opportunity of a bounce into next week.
So... a bounce looks due... but we're not yet tested the sp'2040s... nor close enough to Dow 17000 to merit a solid floor.
Maybe a bounce into the afternoon, and a final smaller wave lower tomorrow... with a turn on opex.
As it is, I can't be shorting at these levels... nor with VIX 17s. I'm probably going to sit it out until next week.
DIS, -4.9% in the $101s... the low 90s look due in September.
Broad downside target is $105... monthly cycle suggest $90.. and I realise the latter sounds like 'crazy talk' right now.
VIX update from Mr T.
time to sleep.. or something