sp'60min
vix'60min
Summary
*weekly jobless claims: 346k, nothing particularly good...not 'that bad'.
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So, we're set to open a little higher. Its hard to know if this is merely a wave'4 bounce, before a final move lower late today/early Friday.
Regardless, I think the floor is 'close', and I'm seeking a significant 5-10 bounce, at least to the sp'1660s.
Whether we then put in the first lower high of the year, that is the big question.
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Good wishes for the day ahead!
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ps. Anyone in the UK, turn on Channel'4. Kinda appropriate movie right now.
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Morning video from Mr Permabull
HIs 'new economy' is not the economy I want to live in.
9.22am.. Mr Draghi not exactly inspiring confidence..market now set to open flat..if not a touch lower.
9.41am... messy open..minor drop..now a pop higher...
Hourly index MACD cycle is ticking higher still...bears beware. Very considerable risk of upside into the Friday close.