sp'weekly8
Summary
*VIX slips -3%, but is still not yet in the 10s..not that it is necessary.
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On any basis, we're now getting toppy, trading above the upper bol' on the weekly.
Notable weakness, BTU -2.3%
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*all things considered, I've no interest in getting involved. From a pure price perspective, this morning is a valid short, but the equity bears have no downside power, and at best...1920..maybe 1900.
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10.18am..I'd call a top here...at least on a micro-cycle basis.
Dow 16909.....could fall a bit from here.