*seen on the bigger weekly cycle, today's VIX is the highest level since last December... and is clearly ahead of my original schedule.
... back from a rather glorious summers evening in London city
|Field of birds|
|Bullish blue skies|
As for the market... with yet another marginal new low of sp'1990.. we still have ZERO clarification of a floor.
With the Dow already hitting the 16600s.. the next level is just a little lower in the 16500s
For the ultra cautious bulls, the next big buying level is around 16000, which is where the lower bollinger on the giant monthly cycle is.
Incredible week... and I'm of the view this is just an initial break... not the main down move.
stay tuned :)