sp'60min
vix'60min
Summary
*PMI number:, due @ 9.45am
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Well, its the end of the week, month, quarter, and indeed, first half of the year.
The bulls are still unquestionably in control of the main market, but if the bears can close this market back under <1600, I'll still very much be open to a hit of the original primary target, currently @ sp'1497 (but rising to 1510s next week).
Hourly index/VIX cycles suggest market weakness, especially in the latter part of today, and that should carry through into Monday.
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Oscar posted a new video, but frankly, I'm not in the mood for watching it. However, for those that do...
...awaiting the PMI number.
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9.16am.. Futures have swung moderately lower, sp-4/5pts,
It will get interesting if the PMI comes in <53, and if that will be enough to tip the sp' <1600.
Frankly, as an options trader, I want OUT ahead of the weekend, but the hourly charts are suggesting weakness on Monday. Hmmm
9.35am..Everything rolling over...bears have a real chance here!
Hourly charts suggest the stronger downside in the second half of the day.
9.45am PMI: 51.6 ....a clear miss.