sp'daily5
vix'daily3
Summary
*VIX getting the smack down...the CBOE had some problems earlier this morning I believe.
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Well, as ever..for those who holding short overnight...the open is pretty nasty, but its important to note we've seen all recent bounces fail.
If we get a red close today..that would really be amusing to see. It has been a fair while since we saw such an opening gain completely fail.
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Here is a question...
Q. Just who wants to go long this morning in the mid 1670s? Huge downside risk..and unless you think we're going to be confidently breaking new index highs soon, this is merely a 'short the bounce' opportunity.
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stay tuned.
10.28am...market is clearly stuck just under 1680.
Who wants to go long here? ..........I didn't think so.
10.37am...well, there go the 1680 short-stops.