1pm update - market really struggling

US equities are having a real problem. We've slipped from 1872 to 1847, and the key low of 1837 is a mere 0.6% away. If that fails...the door opens to a swift first target of 1810...and then the hugely important 1780/60 zone. Metals are higher, but well below their opening levels.


sp'60min

vix'60min

Summary

*VIX is starting to catch a bid, and my VIX block is starting to look rather good. I'd prefer an exit in the 17/18s though...and that doesn't look likely until tomorrow or Monday.
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I would like to pick up that SPY block again...but only on a bounce. If we don't...I can live with that.
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I'd like to ask Oscar right now....'how about that green OMNI!'   lol


1.25pm... RATS are bailing....any break <1837...and the real entertainment begins.


1.37pm... the damage HAS been done...regardless of any bounce...we look set to break <1837..and head for 1810..within a few days.

...should equate to VIX 17/18s...minimum.