sp'60min
vix'60min
Summary
I'm very pleased with how things are going so far today. Bulls are getting caught out on a Tuesday! The fact there is no significant QE is no doubt helping the bears, and we should in theory see the market weaken all the way into the close..and indeed,..early tomorrow.
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*I am heavy short the indexes from sp'1672, seeking an exit 1630/25 - the secondary target from last week.
I will very likely hold overnight, and look for an exit on any opening gap lower.
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..for the techno bears out there...
It could indeed be a fine day..tomorrow.
UPDATE 2.11pm..Transports going red...target is the low 6200s..which I believe will hold, and form a near term low.
stay tuned..