The direct equivalent would be a Friday sp'500 open around sp'1393.
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As at 9.15pm, ES -22 , we're set to open around sp'1421
sp'daily
I've labelled the 50pt fall, with the recent 20pt fall.
The interesting issue is that even a 20pt would just about break the rising support, and open up a move to test the recent 1413 low - that I been babbling about all week.
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for live futures charts see: FOREXpros
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Updates..until I keel over and fall asleep..or when the world ends. Whichever comes first.
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9.30pm UPDATE Futures still holding declines of -22pts, we're set to open around sp'1421.
9.50pm I can't see the individual futures contracts flying around, but I sure can imagine the semi-mayhem right now as they battle it out.
Who wants to buy above ES -20pts ? So far..no one it seems.
It seems many are starting to recognise that an early morning 'best bear case' downside target is in the low sp'1390s.
Would that equate to VIX +30% around 24 - often a key resistance level on a spike?
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10pm update ES -25pts , we're now set to open around sp'1418
Mr $ is up 0.3%..with Gold -8$ again. Hell, Gold bugs gonna wake up real mad again!
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10.30pm update - ES -23pts, we're hovering around sp'1420...
updated daily chart...
A 50pt limit down open would be great, but i'll settle for 20/25pts to start opex Friday.
The interesting aspect will be VIX, which I'm still guessing will open >20.
Certainly, a 50pt sp' drop ..would surely lead to VIX 24/26