sp'weekly8
Summary
I think the above chart says it all. Keep in mind, we had a second red candle for Mon/early Tuesday, and many - even the bulls, were largely resigned to a brief foray <sp'1800.
Yet..here we are..on the edge of breaking into the 1870s...testing the fed minutes high of 1872.
As ever..this remains a fiercely nasty market.
-
I should note though, I still think there is very high probability of a major multi-month decline this year, but clearly....May now looks to be largely bullish.
-
Notable weakness in the metals, Gold -$7
3.24pm.. A weekly VIX close in the 12s ? Incredible, but then, even the low 15s seemed 'low' just two days ago.
3.34pm.. woop woop... you crazed bull maniacs!