sp'60min
Summary
Well, a bit of a mixed and choppy day..although most notable..the VERY strong discrepancy between the headline indexes, and two market leaders.
I have to think there remains broad downside next week, that view is strongly supported by the bigger weekly charts..even the monthly charts are now offering an initial rollover.
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*I closed out a VIX-long position near the close, am back to fully on the sidelines.
I will seek an index short/VIX-long..next Tuesday.
Downside target remains 1570/60s..with VIX briefly 20s.
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Have a good weekend everyone.
*the usual bits and pieces across the weekend....
Next main post..late Saturday...probably on the US monthly indexes