3pm update - slipping into the close

The market is starting to show a touch of weakness, and the VIX looks like its floored in the high 12s. Near term remains likely to remain choppy, but on any multi-week outlook, we're due to start falling from around current levels.


sp'60min

vix'60min

Summary

Lets be clear, we could still jump higher at the Wednesday open - not least with ADP jobs data due. Yet, we are NOW in the target zone..and I'm sure not the only one who has been patiently waiting for many weeks.

*I will hold one initial short position (USO), overnight, and will add other blocks across the next few days.

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A little video bonus from Faber..



back after the close