sp'60min
vix'60min
Summary
So.. a key floor is indeed in, and now the issue is... whether we put in the first lower high.... or push to new highs in early October (which is only next Wednesday).
Considering the broader trends, I have to believe we will eventually break to the 2020/30s.. although I realise many out there would disagree right now.
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VIX update from Mr T.
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Time for lunch... or something
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12.23pm sp'1990.. cooling a little, but still well above the earlier 1978 low.
I need a break...
back around 2pm
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1.30pm.. sp'1991.. and the gains are comfortably holding. So.. we're headed higher...and as noted...the issue now is whether the bulls get stuck....or keep on pushing higher.
It'll probably be until at least next Mon/Tue before the current up wave completes...even if we do get stuck.
For now, there seems zero point in anyone re-shorting for a good 3-4 days.