sp'daily5
vix'daily3
Summary
Underlying cycles are still bullish equities...bearish VIX. Its probably going to take most of this week just to see a confirmed turn.. and then we have two large POMO to end the week...with what is usually a bullish opex.
Good wishes for the week ahead
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11am update...
Whilst the main indexes are just a touch lower, the VIX is in danger of breaking into the 11s...breaking the recent Jan/Feb low.
*I went long SLV and USO earlier..as planned. I'm seeking much higher levels..especially near end of the week.
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back at 12pm.