sp60'min
vix'60min
Summary
*notable weakness in the R2K, -0.4%, 1080 remains the critical threshold
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So... some weakness.. and we're just not seeing the upside kick to clarify a major turn.
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*Right now, I've no interest in getting involved. The 1910/00 zone would be a tempting place to go long though...with upside at least to the 1950s.
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11.03am... Dow 200 dma,.. 16327...... a mere 0.8% away... that does seem likely to be tested.
Often... dow 200dma can fail.. but then a reversal... I'd guess that will be the case this time... along with sp'1910/00.
11.25am... Still choppy... probably annoying many....
Notable weakness in the airlines, they opened higher.. but are now sig' lower, UAL -2.8%
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11.36am... something like this... maybe...
A long from 1910/00 tomorrow...to the 1950s seems 'reasonable'.... but first.. need that lower low...