12pm update - minor declines

The morning declines are indeed minor, and to be dismissed as irrelevant noise. Yes, the VIX is 8% higher, but 8% of a small number...still makes for a low VIX. Dollar has flipped to green, and this is putting a little downward pressure back on the metals and Oil


sp'daily'5

vix'daily'3

Summary

I find the micro-counts hard to work out, but it looks like this might be a '4 of the final fifth. Regardless, I sure won't be doing any index shorts/long VIX until next week..at the earliest.

Bears could get smacked up into opex...not least with big pomo on Thursday AND Friday.
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What I remain meddling with - USO and SLV

SLV, daily2

USO, daily2

I bailed on both at the open, and look to re-long late today..or early Wednesday.
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VIX update..from Mr T




back at 2pm