2pm update - melting higher

The market has slipped into a full on algo-bot driven melt mode. A close in the sp'1690s is now a very valid possibility today. Market volatility has collapsed, with the VIX melting lower into the 13s. If sp'1700s, then VIX 12s look likely next week.


sp'daily5

VIX'daily3

Summary

For the big/serious bear money still short the market, I have to imagine a lot of stops are going to be hit across the coming days.

*there seems little point holding out for a renewed down wave, and I waved the white flag some two hours ago.
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Regardless, I'll still be here.