The sp' is back below
the broken low of sp'1413, and the next key level remains sp'1398.
The VIX is moderately higher, but more importantly, its again above
the 20 threshold. Mr $ has lost most of its earlier gains.
Sp'daily5
vix'daily
Summary
*Chicago PMI, in line with expectations @
51.6
Today and Monday are
going to be a minefield for traders. We could easily see another
massive ramp later today if the political maniacs decide to go for a
last minute deal.
–
Regardless of news, the
weekly..and monthly charts continue to suggest downside to the low
sp'1200s..within a few weeks.
I remain short, it will be tempting to make a temporary exit, if we can hit 1395/90