VIX'daily3
Summary
*I remain annoyed at myself for not exiting at the open - when the VIX had a black-fail candle.. but then, I'm trying to trade a bigger equity down move..
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So...for me...its pretty clear... bears need a daily close in the sp'1960s.. with VIX 17s.
With two hours to go... it sure would get exciting if the bulls start hitting the exit button into the close.
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*I remain short from last Friday afternoon...seeking an exit in the 1950/40s.
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2.11pm.. This VIX sure is twitchy.... almost +9%... and it won't take much of a nudge.. and this market is going to get upset into the close.
yours... watching with a great deal of interest
2.21pm.. VIX +9.8%...on the rise.... bull maniacs in trouble now. They had their bounce this morning.... and with no QE fuel tomorrow... to end Q3....
Equity bears have everything in their favour... including the important weekly cycles.
2.29pm.. VIX is making a damn serious attempt to punch above the opening high of 17.08.
With 90mins to go...this could be one hell of a close! Stay tuned!