2pm update - its a mess

A break of trend on the upside, to sp'1985, but now a break of trend to the downside... back into the 1960s. VIX has taken out the morning high of 16.40s. Metals and Oil remain exceptionally weak.


sp'60min

VIX'60min

Summary

Well... at least Q3 is not ending in a subdued manner.

*despite the weakness, I have no regrets on bailing earlier... not least with this pretty messy price action.


2.33pm... market trying to floor at sp'1969.... VIX unable to claw >16.50.