sp'15min
vix'60min
Summary
*the only thing equity bears have right now is an opening reversal candle on the VIX, but really, I don't have much faith in that with new index highs.
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On balance, it'd seem the chances of these opening gains fully reversing, are less than 5%, and the door is now wide open to the sp'1900s in early April.
For those buying the FOMC Yellen drop...congrats, I guess you could say, 'normal service resumes'.
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I am probably straw-clutching, but the R2K opens with a black-fail candle...
R2K, 60min
Hmm ?
10.02am.. so... an opening VIX reversal candle, and a R2K black-fail candle....
*for those wondering, my core short block (SDS) came within 2 cents of being kicked (its 2x lev, I keep a loose 2% stop loss). If I don't get kicked today, I'll be somewhat surprised.
10.11am.. VIX jumps...but I can't take any of this seriously unless 16s..and that sure is a long way up, and would be equiv' to sp'1850/45
10.27am.. Now the Trans' looks in danger of turning red. Hmm
I'm entirely refraining from watching any clown finance TV this morning, but I can guess at what their cheer leader script is saying.
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Eyes...on the VIX. Equity bears need a surge to the low 16s to negate this mornings train wreck.
10.32am.. Anyone know whats up with the Nasdaq, -0.6% ?
So... Trans, R2K, Tech'....somewhat weak.