US equity indexes are making a push to turn back positive, as the baby bull flag looks set to play out. By definition, the sp'1950/60s will be viable tomorrow/Thursday. First target of 1970 looks viable this Friday/next Tuesday. New for Oil of $29.93... but currently rebounding >$30.
*baby bear flag on the VIX
An interesting day in market land.. one where experience does actually count for a lot.
yours truly remains.............. patient.
AA -9%.. as the market is not fooled by the latest earnings report
CNX -7%.. commodity carnage continues
TVIX -4.5%... crazy intraday swings today.
3.30pm.. sp +14pts @ 1938... and no doubt the bears are getting short-stopped again.
The 1970s are due... although look out of range tomorrow. More viable on Thurs/Friday.
TVIX -8%... back to the opening level. What a day !