sp'daily5
vix'60min
Summary
*I really would like to see the VIX 15s, to be able to take this reversal seriously.
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So..its quad-opex...expect some wild chop this closing hour, and as ever the question is....
'who wants to go long into the weekend?'....
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I remain heavy short -via SDS (my core block came within 2 cents of getting hit at the open).
I may offload a secondary short block into the close, if we trade down to 1860/55, although that currently looks unlikely.
updates....into the close!
3.05pm... VIX 15s....finally! Now. .can sp break <1860s....
Wild hour ahead.
3.13pm.. chop chop....one thing is for sure..we ain't closing in the 1880s, not that the 1860/70s are much good for those on the short side.
I guess bear hopes are now turning to how we trade next Monday.
*it remains notable, out of the 6 trading days left of March, 2 have sig' QE. Make of that..what you wish.
3.20pm.. right now, best bear case for the close is 1857....but it won't be easy!
3.30pm.. just who is buying here? We have two spike-floor candles on the hourly, and VIX has lost the 15s again...urghh
Oh well, still 30mins to go...closing at the low of day..would really help.
3.37pm.. here we go again..another push lower..... VIX 15s
3.45pm... best case remains a close of 1860/57....with VIX 15.25 or so.
3.50pm... EXITED secondary short block.. spy puts..fractional loss... I want OUT!
3.54pm... will hold SDS across the weekend, and that is now 2% above the earlier low.... so I'm still on the bear train, but i'm outta the crazy puts for the weekend.
Been one hell of a week to go start going short again..back at the close!