US indexes open a touch higher, but the hourly index/VIX cycles look highly vulnerable to a minor retracement into the afternoon. Metals are fractionally lower, whilst there is significant strength in Oil, +1.3%.
sp'60min
sp'daily'5
Summary
We have an Interesting day ahead...
I'm most certainly seeking a rollover, down to sp'1810 by late afternoon, but with a bigger downside target of 1800/1790 by Friday.
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TWTR +3%, UGAZ -3% - clearly everything is back to front this morning.
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10.01am.. So...we've pushed 3pts to 1826...enough to trigger a few short-stops...
still seeking a reversal. VIX battling to hold 14s.. -3.3% @ 14.02.
10.07am..market wants to rollover..after a 6 day ramp of 89pts. VIX green by 11am would be a good sign.
10.27am...slipping lower to 1820...but really, I'd like to see 1810 by afternoon, if not 1805. Sub'1800 does not look viable until late tomorrow/early Friday.
VIX soon to turn green...upside to 16.50/17.00 by Friday..