sp'60min
Trans'60min
spdaily5
Summary
A rough start to the end of the week for the bears. The Dow has taken out the Monday spike high, although the sp' and transports are still holding under.
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Without doubt, the most notable aspect of the last few days..the strength of the dollar, now up another 0.3% in the USD 80.50s. The downward pressure on equities/commodities IS increasing. despite this mornings opening gains.
*Gold is having a wild ride this morning, -$11...now +$7..despite the dollar. There is chatter out there that Gold might explode highner next week, on the 'QE4' FOMC announcement. Even though such measures were already announced in mid-September.
sigh.
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UPDATE 10.30am. looks like we've got stuck just under sp1420..so..the line..held.
Even better though...
we have a reversal in the VIX. A classic early warning of index declines...
So, lets see if we can get the indexes red by early afternoon.
That opening VIX hourly candle is the best signal I have right now.