sp'60min
Summary
..nothing to add, other than likely C wave upside..baring a break <1774.
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*just noticed a VIX update from optionmonster..the first in a few weeks...
Bizarrely..its like a flashback to 2005, with screen res' of 240x, urgh
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One hour to go...
*again, for the record, my guess... Taper'2 of $10bn, to a mere $65bn a month. Hey, thats only $780bn annual rate..still greater than the 2008 emergency 'stop the end of the world' TARP program, lol
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More than anything, look for the metals to get smacked lower, whilst equities might jump..and make a vain play for the low sp'1800s.
As ever though...it'll probably take until 2.30pm to discern a clear direction.
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1.16pm continued chop...in the 1780s.
Bears must be mindful...unless <1774...real risk of a jump into the low 1800s by the close..regardless of taper..or not.
1.32pm Notable strength in Natural Gas.. DGAZ +13%..so..nat gas prices must be around 4.5% higher today.