sp'60min
vix'60min
Summary
Well, the bears have had a strong two day run. The smaller 15/60 cycles are VERY oversold, and we're due a bounce, and it looks like we are getting one.
Frankly, the bears should be cheering this nonsense higher, it'll make for a much better short entry next Monday. Indeed, I expect we will rally into next Monday.
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So..I will refrain from launching a short until next week. There is no hurry.
With the break of support, the bigger picture is now clear.
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*Keep in mind, no econ-data/news due today, no significant QE, and its quad-opex.
Good wishes for the last day, of what has been a rather exciting trading week.
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The latest public video from Mr Permabull/Oscar...
Hmm