sp'60min
vix'60min
Summary
*I'm running on reduced power, so..I might be absent at times today.
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Suffice to say, I can only ask...'so....do you want to go long here...in the 1760s?'.
Notable movers: TWTR -20%....
This is a laughable drop after +6% initially on earnings. I've not even looked, but is the PE around 5000, or 10000 right now?
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Video update from Mr Permabull...who is bearish..
Make of that...what you will.
Amusing to see Oscar refer to them as 'baby bear flags'. I thought I was the only one that did that.
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10.08am.. Well, its pretty simple from here...
1. market fails to break 1770, and rolls lower
2. market briefly breaks 1770..hits the short-stops..and then rolls lower
3. market breaks 1770..and jobs data 'acceptable' and new highs.
Certainly scenario 2 is possible..but there is an awful lot of resistance at the old floor of 1770.
The next few hours are going to be pretty important.
10.33am... well, we're coming up to the typical turn time of 11am...and we're a mere 3pts from the old 1770 floor..now resistance.
A lot of big money short-stops are going to be hit soon unless this levels out this morning.
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