11am update - back under sp'1500

Mr Market is lower, but after the Tuesday rebound, these declines are extremely unreliable. Two major bearish aspects so far today..dollar is now significantly higher, DXY 80.22, and VIX is +6% in the mid 14s.


sp'daily5

vix'daily3

Summary

Bears need these declines to hold, with follow through tomorrow, but then, that was the issue on Monday, and we all saw how Tuesday panned out.
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Very messy market.

*I believe Oscar Carboni - aka, permabull, was long this morning, and thats 0 for 4 now. I believe he is going to do a 'firing squad' video later today, after his recent 'rope' one.

If pro traders like him are getting whipsawed..that does say something about the type of market we've currently in.
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*Metals rebounded very strongly, with Gold flipping from -$12 to +$4.

I really can't fathom why that is.
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