sp'60min
VIX'60min
Summary
Well....the bad news is certainly a very valid excuse for the market to sell lower, although in the scheme of things, we're not even -1%.
Thing is... if it was a missile strike (seems likely).. then this story is not going to end today.
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VIX update from Mr P.
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time to cook.
12.03pm... market seeing further weakness... and the VIX is on the rise.. +16% ...12.70s.
A VERY busy afternoon ahead...
12.08pm.. VIX looks headed for the 13s...current momentum is offering the 14/15s by late afternoon.. which would equate to sp in the 1950s....
Bears are getting a 'bonus' opportunity to exit... the bigger picture remains unchanged.
12.30pm.. VIX stuck in the 12.80s....but still... looks to be viable further upside later today.
This airline story is going to rattle a fair few for a fair while..