US equity indexes remain moderately choppy, after the Fed press release has given the market the excuse for a swings. VIX has seen some rather dynamic action, although some of the prints are arguably to be dismissed as 'rogue'.
*VIX sure has seen some crazy prints, ranging from 27.22 to 20.42
I realise some out there are looking for a top... but really.. it seems highly unlikely today was the day.
The bigger weekly cycles are still highly suggestive things won't max out for another few weeks.
NFLX -5.4%.. broad weakness.. major problems in the months ahead
Barring the apocalypse... I'll return at the close
3.16pm.. sp -29pts... with VIX +6% in the 24s.
It is notable that Gold is picking up a fear bid, +$5.. having swung from -$5
3.21pm.. and that is why some say not to trade 'Fed days'. Can get real messy... on both sides.
AAPL -6.4% in the $93s is causing real problems.. as the Aug' 2015 low of $92 is not at threat.