sp'60min
R2K, daily
Summary
*Metals remain very weak, Gold -$14
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As even the maniacs on clown finance TV recognise, today the market will largely be in a holding pattern until tomorrow....where we have Yellen at the hole.
On any basis, it seems completely point to attempt any index shorts.. not least since we also have sig' QE this morning.
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VIX is acting twitchy...a strong reversal across just a few minutes..from -2% to +11%.....
10.01am... something crazy is going on VIX land.......
5min
Eyes on that VIX !
10.03am.. and the VIX collapses... back to 11s.... Crazyyyyyyyyyyyyyyyy.
10.11am... So.. a fractional new historic high in the sp'.. but the action in the VIX sure is makes for some curious action.
R2K...borderline sig' declines... -0.9%... in imminent danger of losing the 200 day MA.
10.27am... VIX turns red... indexes pushing higher... even the R2K looks to be flooring.
So... rest of the day...upward melt....ahead of Yellen.