sp'60min
VIX'60min
Summary
*the spikes on the VIX remain odd. It'd seem an algo-bot went crazy, and put out a VIX quote matching the recent high in the 21s.
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With the FOMC out of the way, things are again clearer..and simpler.
1775 looks to be the immediate term top...with a minor retracement, down to around 1730. On any basis..sub 1700s do NOT look viable in the near term...nor..the remainder of the year.
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Interesting action in the metals...with conflicting short/mid/long term cycles.
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3.14pm.. FB earnings at the close...currently -1%
FB, daily
Hard to call this one, but broad trend is clearly to the upside.
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3.32pm.. sp'1664, and despite the 'we're off the lows of the day' mantra on clown finance TV, market does look set for a few percent lower.
Regardless of any fall of 1% or so tomorrow, the big monthly index charts will close the month bullish.
*NFLX and TSLA having problems. The latter looks doomed to $110/100.. one to watch!
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3.43pm...Equity bears can note the weakness in the two leaders , trans/R2K, both down around 1%.
The headline indexes should follow tomorrow/Friday. Target remains sp'1730s.
back at the close :)