sp'60min
vix'60min
Summary
So.. another day higher, but at least we're seeing some signs that 1620s are indeed a key resistance level.
The scary thing is that >1625, there really isn't anything until the mid 1650s, but by then, I'll have waved the white flag.
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A difficult day for yours truly, but I'm only 15pts down, gods help those who have been on the short side since Monday morning. Urghh
I'm still guessing this nonsense WILL break to the downside, but it sure is testing my patience again.
12.03pm.. in 'theory' bears could turn the indexes fractionally red by 1.30pm, thats certainly the sort of 'best case' reversal I could envisage.
If bears are going to start kicking this market lower, now would be the time.
12.30pm... by 1pm, need to be <1610..that'll snap this market lower
stay tuned