sp'daily5
vix'daily3
Summary
*I exited (somewhat overly early) my secondary short block..but hey..a gain is a gain, so I should try to refrain from any whining. Besides, I remain heavy short..via SDS.
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I will look to re-short a secondary block on ANY bounce..preferably in the 1850s...later today.
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So...with sig QE this morning...lets see how high the bull maniacs can bounce this nonsense.
Bigger target remains 1800/1790..and that does look pretty likely.
10.07am.. QE money should be kicking in soon...and we're already around 1850.
I'm looking for 1855/60 by 2.30pm..which looks well within range.
10.09am...they got the bears running for cover now ! 1852 already.
10.23am... considering the current rebound..looks like 1863/65 is viable today.
10.29am... unless we break into the 1870s today..I just can't see this as anything other than a QE fueled 'stupid bounce'.
Regardless...lets see where we are trading into 12-2pm.