12pm update - bounce complete?

US indexes are mixed, with the sp' holding the mid 1860s. A natural bounce from 1854 to 1867 may have already completed, in which case, the bears are going to seize control before the close. VIX is holding broadly flat, in the low 15s.


sp'60min

VIX'60min

Summary

I'm kinda tired, suffice to say...unless the bull maniacs somehow break >1875, the bounces are to be treated as that....bounces.

I'm content to hold a core SDS block, and a SPY put block into Friday.
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VIX update from Mr T.



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time for tea :)


12.30pm.. sp'1871...and a mere 4/5pts from breaking the line...

This is certainly borderline...


12.35pm..based on simple trends, bears really need to hold this <1872.