sp'60min
Summary
*I hold overnight short, from sp'1866, and VIX in the 13.90s. Seeking a provisional exit at sp'1850/45.
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So..we closed with significant gains, but really, this was expected (target zone was 1865/75), not least with the Fed press release. We've seen this kind of nonsense a hundred times before, and no doubt...another hundred times to come.
Personally, I'd like to at least see a break into the low 1850s tomorrow, which will be more than enough to give the bull maniacs the concern that 'ohoh, was it just a bounce?'.
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more later..on the VIX