sp'60min
VIX, daily
Summary
A rough day for all those in bear land.
Arguably, the recent post FOMC re-shorts should all have gotten the kick >Sp'1438.
-
Dollar..and VIX both on the slide. VIX daily chart looks especially bad, with MACD due to break negative tomorrow.
--
On any basis, the bears...failed.
All the downside momentum from the major FOMC in mid-September...gone.
Transports, making a break for it...
The recent 4 candle spike/flat top..completely negated. This is a clear breakout.
UPDATE 11.20am Nothing but open air until sp'1474
To think that Santa has not even arrived yet. Add on 5-7 days of Christmas trading zero volume algo-bot melt, and we'll be at new highs.