sp'60min
vix'60min
Summary
Well, its midweek, and today really doesn't have much due in the way of data.
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It does appear we are rolling over - from yesterday's closing hour. Hourly MACD cycle is suggestive of greater downside potential this afternoon. Certainly I'd not be surprised if we close -70/100pts on the Dow.
Best guess....we hit sp'1800/1790, no later than Friday morning, before a latter day recovery into the weekend (next Monday, market is CLOSED)
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*London is a pretty stormy city today, more floods, and howling winds. I'm sure the power will keep going, but if I do drop offline....you will know why!
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Early mover: UGAZ +3%... I guess its still cold.
**no update from Oscar this morning, maybe the Fungus got to him?
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9.00am Futures back to flat. UGAZ has flipped to -4%....that sure is a twitchy commodity.
9.35am..we're off and running..market re-testing the 1823 high....hourly MACD cycle STILL rolling over.
Bulls...beware! I'm looking for a reversal here...to at least 1810 this afternoon.
9.47am.. bull maniacs getting a chance to exit in the mid 1820s...after 1737..a mere week ago!