3pm update - VIX melting lower

Despite the indexes holding flat since the early morning, the VIX has continued a slow, but consistent decline, and is now -3.4%. Sp'1660 is clearly an important level, and it almost looks like we're right back to the recent algo-bot melt.


sp'60min2

vix'60min

Summary

Hmm, its turned out to be something of a dull day.
--

I will hold short overnight, but considering there is a 5-6bn of QE tomorrow - along with end-month price shuffling, I'm no longer looking forward to whats ahead.

Very frustrating..and now we're sp'1671s
--

3.29pm..well, we're rolling over on the hourly chart.

Considering how dull the day was, ANY close <1660 should be a...relief.