The US market is unravelling, with a decisive break below the 200dma (2077), along with VIX in the upper 15s (well above resistance of the mid 14s). Now it is a case of whether the bears can keep the pressure on.. and close <2077.. .along with VIX 15/16s.
Well... I was not expecting a break this side of opex... frankly.. its a bonus.
There is of course continual threat of a bounce... and I will merely add on the short-side.. on any such bounces.
*I hold long-VIX.. seeking the 17/18s within the next day or two... which should equate to sp'2050/40s.
VIX update from Mr T.
time for tea :)