12pm update - post FOMC blues

The main indexes are continuing to weaken, but equity bears can't get lured into renewed hope. The break above sp'1709 was very significant, and much higher levels are likely. The current minor down cycle will likely continue into early Friday.


sp'60min

vix'60min

Summary

*note how the VIX is still lower, despite a somewhat weak market.
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A fearless market..one built on a giant lie...but still...the majority are still falling for it.
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I'll consider an index long in the sp'1715/10 zone, but not until early tomorrow..and even then....why go long ahead of the weekend? Hmm


VIX update from Mr T.



time for lunch