sp'60min
sp'daily5
Summary
*awaiting ISM non-manu' data @ 10am
---
The bigger daily charts still look especially ugly, and the door remains wide open to the 200 day MA, now @ 1709.
--
VIX is not showing any market concern right now, but looks set to break into the 20s late today...or early tomorrow.
The question remains..who wants to go long in the 1750/40s?
-
Eyes to the VIX, equity bears seeking new lows need 20s again.
-
10.01am.. ISM non manu 54.0 , slightly better than expected..market jumps..a little.
Overall though, the bigger trends remain strongly bearish to 1710/1690.
10.32am..well, I'm back from the shops...what I miss? lol
New multi-week cycle lows...everything looking good.
Patience..bears.....patience.
*there is one count that would offer 1680s tomorrow..but I'm trying to refrain from getting lost in bearish hysteria.
VIX comfortably in the 20s again....this is good!