sp'weekly8
Summary
Suffice to say... still no red candle.. but we have a clear break of the recent 4 weeks of chop.
Hourly cycles will be offering some degree of afternoon recovery... but... the month will end (surprisingly) in favour of the bears.
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VIX update from Mr T.
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time for lunch
12.04pm... With the break into the 1930s, weekly8... candle turns RED, first time since early April.
12.14pm.. one of those rare days when the declines...just keep being sold into.
VIX +19% in the 15.90s..... strong resistance in the 16/17 zone.
A weekly close >19... would change the mid term outlook to bearish.
12.34pm.. VIX just keeps on pushing +22% in the 16s....