sp'60min
vix'60min
Summary
..back from an early lunch, and the market sure has turned around in the opening 20 minutes.
Notable weakness: AMZN -3%, FB/TWTR, both -2%....weak weak weak!
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I have to note blogger 'VT' at Trending Waves, I'm inclined to follow his micro count.
Was this mornings open the top of a sub'1...and now we see a retracement across a few days?
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10.09am...and now a wave higher.....what a whipsaw choppy mess. I'm glad to be on the sidelines..this is a real mess.
If new high >1898, then the opening reversal was of course a failure.
VIX collapsing,, new low.. 12.67..... incredible.
10.32am.. It remains a somewhat choppy mess, but the broader market is holding gains..
Notable weakness in tech, but the momo stocks are turning positive.
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Again, its a case of 'no downside power' for the bears.
10.46am.. hourly chart, double spike top.....bulls unable to push....bears have another major opportunity here..at the typical turn time of 11am.