sp'60min
Summary
Frankly, I have been cheering this nonsense higher since yesterday morning.
For those bears still on the sidelines...higher prices early tomorrow..will be sorely tempting to short.
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I for one..will most definitely be looking to short the Thursday open...if in the 1660s, with VIX 15.50/00.
updates..into the close...
3.15pm.. an actually fun/interesting debate on clown finance TV, with Pento highlighting the issue of 'real inflation, fed balance sheet, and int. rates'
It has to be asked..how will the market cope with 10yr yield of 3% ?
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3.30pm.. a touch of chop..but we should close in the 1650s..and that will easily allow for a test of the 1660 - where the 20 day MA is lurking..along with a few other resistance levels.
VIX -3.5%..a close in the 15s...I'd guess.
sp'15min
No point any bear getting overly excited at the 3pt drop... strong support around 1650.
3.48pm.. watching bloomberg aka...clown finance TV'2...
They just did an item on the $1200 haircut. Hmm....now that has to be a bullish sign of economic recovery, yes?