sp'60min
VIX'60min
Summary
*VIX hourly candle did flip black at the open... and is offering the first sign of a reversal...
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As ever.. on such an opening drop... typically...its a case of 'lets see if we level out around 11am'.
Notable weakness: Gold -$10... which is kinda surprising, considering some of the issues the market is not happy about are geo-pol ones, and Gold would normally benefit.
10.01am.. VIX closes the opening 30mins...in a bullish manner.... so...probably at least another hour for the equity bears.
10.05am... Really, I think the VIX is critically important to watch today, lets see if we can get a spike top by 11am.
10.14am.. R2K holding the recent lows...
Bulls should be seeking a close back in the 1140s, which would make for another spike floor.
10.18am.. sp'500 trying to spike off the 50dma ...
10.29pm... R2K fails to hold....-1.4%... next level.. 1120... another 10pts lower.
10.39am.. Pretty ugly out there... a lot of stops getting hit now... with VIX +12% in the 15s.