US equities remain weak, with the sp' set for a weekly close in the 1985/75 zone. This will be the first net weekly decline for the sp'500 since early August. Primary downside target remains 1975/00 zone, along with VIX 15s.
sp'60min
VIX'60min
Summary
Suffice to say... at least the week is ending 'on track'...
*I will look to pick up a major long block, next Mon/Tuesday..whenever we hit the low 1970s..with VIX 15s.
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...updates into the close....
3.17pm.. .a micro ramp to 1985.... bears covering?
Regardless, I ain't going long unless we hit the low 1970s....
As I often say... 'don't get lost in the minor noise'.
3.22pm.. with volatility as low as it is, its kinda not surprising that everyone gets so rattled on a 0.2% rally across 10/15mins.
So..as things are... seeking for this to hit target next Monday.. I'd be surprised if it takes until Tue/Wed.