sp'60min
vix'60min
Summary
What an absolute gods damn mess of an opening 90minutes.
Opening gains..smashed lower.....then a hyper-ramp back.
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Just who the hell is buying this mornings drop ?
I mean, seriously, Putin states he will 'help' Syria..and the market is still able to bounce back within an hour?
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Regardless..today is probably STILL a reversal day...and I am looking to launch a short-entry on the current intra-day bounce.
*I'm guessing the current ramp gets stuck within 45 minutes or so...I'll look to hit buttons then.
Bears should be seeking ANY weekly close in the 1640s...that will open up 1580/70..next week.
11.18am..market looks close to an intra-day top.
standing by to launch a re-short.
11.20am.. HEAVY short the market.. via VIX-long...from VIX 15.50s... and sp'1659.
Frankly, considering the open, I am very pleased with that level.
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So...I am now heavy short the US market..seeking a Friday close in the sp'1640s..which will ensure the weekly charts remain outright bearish.
Target for next week is sp'1580/70s
11.37am...well, we're right back at the opening level of 1661...who wants to buy here?
Worse case...1668/70....but that looks real difficult.
Regardless, I'll hold short..across the weekend.