sp'60min
vix'60min
Summary
Things look stable, and so far, the VIX is suggestive that the indexes have indeed floored.
Yet the mood out there isn't exactly great.
The big question then, can the bulls claw up 10pts by the close? Two hours is certainly plenty of time.
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*I'm holding long from this morning, and would prefer an exit before the close. Holding overnight..after todays further wave lower, doesn't seem like the best idea.
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2.26pm. a new low of sp'1614, with the VIX testing the earlier high. Bulls just seem unable to muster any power.
Is this merely a replay of last Wed/Thursday, but from a slightly level?
2.32pm.. sp'1630s now look right off the agenda. Bulls will be lucky to get 1625 by the close.
Next key support, the 50 day MA @ sp'1510
Not looking good for those on the long side.