2pm update - bulls starting to take control

The main indexes are holding together, and with the two market leaders - Trans/R2K, higher by 1.7% and 1.2% respectively, the market looks set to push higher into the close. A gap fill in the sp'1680/85 zone remains the target..before much lower levels.


sp'60min

VIX'60min

Summary

Its been a tricky few days, but with the two leaders pushing higher, I have to assume the floor is in.

VIX looks set for the 13s..which should equate to sp'1680s.
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*unless you think we're going to break new index highs..across the next few weeks, the current bounce will be one to short.


2.04pm... NASDAQ trading halted..lol.

All hail the algo-bot overlords.

so...nasdaq...has died...

Definitely inspires my confidence in launching new trades in the coming days.
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2.28pm... watching the confused cheer leading maniacs on clown finance TV....amusing as ever...but kinda useful to catch the updates.

Can the nasdaq open this afternoon, without any wacky flash-crashes?

Regardless, in the bigger picture..the HFTs are probably over-loading the market with quotes..and literally killed it. That'd be my guess. Look for some data from 'NANEX' on zerohedge later today.