VIX'60min
sp'60min
Summary
The sp'1910/00 zone is once again a fair way lower, and right now, there is obvious support around the mid 1920s - as was the case Oct 2nd and 8th.
If the VIX can keep pushing higher this morning, equities will fail... and there is high chance of renewed weakness.
We have an interesting day ahead.... in any case though, I'm still looking for 1950/60s next week.
-
Notable weakness, UAL -4%.
-
..stay tuned
--
10.08am... Opening VIX reversal.... FAILS.
New cycle highs... sp'1950... and with $1.5bn of QE this morning.... bears now look toast.
10.45am.. sp'1953 a little earlier... VIX back in the 15s.... there is nothing good here.
I've zero interest in considering a short until next Wed' afternoon.. when the Fed will terminate QE3.