Baring some bizarre
late hour agreement, the indexes are going to get smashed within the
next few trading days.A fast snap move down to the November sp'1343 low seems viable, with a move sub 1300, within the following 2 weeks.
Sp'weekly2, rainbow
VIX' weekly
Summary
Red candle on the
weekly index chart...very good to see.
The VIX breaking over
20...VERY important.
Regardless of how we
close today, the damage has been done, and I'm holding to all
original targets.
Sp'1225, with VIX
somewhere in the 35/45 range. Its hard to guess where VIX will max out at, but
clearly, a break into the 30s would seem the 'minimum'.
Back later..probably
with an update after the close.