sp'60min
vix'60min
Summary
Best guess...remains unchanged..a move to the sp'1735/30 zone.
Arguably..a simple short-index trade..with a stop in the 1760/65 zone...with 25/30pts of downside..into early next week.
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if the VIX can turn positive later today...that should clarify of lower levels to come..into next Mon/Tuesday.
Metals are weak.
If GLD fails to hold 122 in the next day or two...big problemo!
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11.30am.. market looks seriously stuck at 1760. As noted earlier..for those interested in index-shorts..now would be the time..with a stop somewhere in the 1760/65 zone.
Downside target remains 1735/30.
*TSLA and TWTR both look increasingly weak, the latter in danger of losing the 40s.