12pm update - awaiting some days of high adventure

Main indexes are moderately lower, and all holding within their down channels.  Next target is a break of 1430, and that opens up a fast drop somewhere into the 1420/00 zone.

VIX remains flat, but there is plenty of upside, especially if the market gets a little upset later this afternoon.


sp'60min

vix'60min

Summary

An interesting day so far.

I remain short, trying to be patient..its not easy, seeking to exit Thursday morning - preferably on a large opening gap lower.

Yet, the bigger picture is what I am interested in. This autumn could become rather exciting as we move into late October. I am waiting for some adventurous trading days ahead...



back at 2pm