sp'daily5
Summary
It doesn't look like the bulls can bounce this after all.
So, I'm a mere VIX holder, but that will suffice.
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Besides, what matters is the bigger picture, and ALL doomer bears should be seeking the sp'1770s.. a hit of the lower weekly bollinger..to give clarity about the next few months.
VIX will fly..if it can break >16
yours....hopeful
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3.04pm... BREAK THROUGH..for the bears....
next level.. 1810/00....if not 1780/60 zone..within a day or two.
Enjoy the ride....
3.10pm... Isn't this a fine Thursday in market land? Such....beautiful colours....all around.
;) I just love it !
What a fantastic Thursday...and much lower levels now VERY likely.
3.13pm... watching the maniacs on clown TV, they are getting real worried now.
I'd agree with Santelli 'I never seen a 25% decline that didn't start with a 2% decline'
3.18pm.. minor chop...and there is a real chance of a close in the 1820s..which would really make sub 1800 viable tomorrow...
That would make for one hell of a bearish weekly close, and easily bring within reach the 1770s.
VIX battling to hold the 16s.
3.30pm... yeah...its a good day. Bulls utterly unable to bounce.. KEY levels busted...
Tomorrow could be fun. I'll consider adding new short positions, but really, if we just keep falling, I'll just sit back and enjoy the ride.
VIX +18%....a close in the 16s now looks likely.
3.40pm.. micro 5min cycle offering a bounce.. but really...the levels ARE busted....this is one of the few times when it Is easy to just 'short at will'.
I'm considering picking up another VIX block...VIX 16s is still low...
3.44pm.. micro bounce...and it does NOT matter.
3.48pm.. strongly considering picking up a second VIX call block into the close.
This market is broken...
3.53pm LONG VIX (block 2)... from 15.73.... seeking 17/18s Fri/Monday.
3.55pm.. holding TWO VIX blocks...overnight.
Great day...regardless of overnight/the open...the Friday close should be 'weakness into the weekend'...and next week..bears should rule.