sp'60min
Summary
Still holding the line, but this sure is close to breaking back to the bulls.
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A red close for the broader market...not impossible, but right now, bears should arguably settle for anything <1870!
I have my eyes on the VIX, I want to see a daily close in the 15s.
2.16pm. Equity bears just need to break back <1870...
15min cycle
Any close <1870 should be a relief to anyone on the short side, with VIX 15s
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2.30pm. Well, its that time of day, late afternoon 'turn time'.
A daily swing from 1854 to 1873...19pts...and this remains a borderline situation.
VIX remains stuck in the 14.70/60s.
2.47pm.. VIX still trying to form a floor....if this IS a floor, then this was one nasty day for the bears, really spooking them.