12pm update - battling it out for a floor

The main indexes are moderately lower - although tech is green. VIX has already turned briefly red this morning. On any basis, we are likely just building a floor, before the next main up wave begins. Metals remain very weak, Gold -$24, with the miners similarly weak.


sp'60min

Summary

Without getting lost in the minor noise, we have surely seen most..if not all of what might be deemed a C wave.

Market is still weak - not least with some touting much lower levels into the FOMC of Dec'18.

Best guess remains..a floor is in, and we're now headed broadly higher.

Notable strength: FB +4%, TSLA, +2%.
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VIX update from Mr T.



time for lunch


12.28pm...another wave lower..and we're now right in the 1774/72 target zone. A break <1770..still seems unlikely.

I realise many will now be screaming for a hit on the 50 day MA..1759.
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