12pm update - the 1840s look viable

For the third consecutive trading day, the morning gains have largely evaporated, and the market is back on the slide. VIX is still slightly negative, but the 15s look likely, if not the 16s. Any daily close in the 1840s will keep open the door to much lower levels...the key threshold remains 1830.


sp'daily5

vix'daily3

Summary

*..eyes..on the VIX, where we currently have a daily reversal (hollow red) candle, although I sure don't expect 20s in the immediate term, but 16-18s are certainly viable on a spike.
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VIX update from Mr P.



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stay tuned.