sp'60min
vix'60min
Summary
Best guess is we see a bounce into the mid 1560s.
After yesterdays action, I'm finding it hard to envision we make a play for 1576. It is possible, but I'm...guessing....no.
Thus..I will look to short the indexes later today, probably around 1-2pm
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*updates across the day, and I'll certainly note, when I start hitting buttons for a major re-short.
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UPDATE 10.05am
1561/62 already..and we're barely 35mins into the day!
On balance, i do NOT see 1576 being challenged.
Lets just see how the next 2-3 hrs play out. Bears need to give the bulls a few more hours at least.
Look for VIX to find support around the 13.60/50s.