12pm update - the battle continues

US equities remain significantly lower, with most indexes lower by around -1.8%. Unlike yesterday afternoon, VIX is confirming the weakness, with a sig' gain of 21% in the 27s. USD is markedly lower, -0.8%, which is probably helping the metals, Gold +$10


sp'60min

vix'60min

Summary

It remains a real mess, there is certainly high threat of new lows later today, although there are reversal candles on many of the daily charts - notably, the R2K.
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..still expecting a bounce, as no doubt many others are, but for now, zero sign of it.

The point is, the bounce.. when it comes... will be a simple one to short... with huge downside potential to the sp'1600s, with VIX 40s.... next month.

Notable weakness, airlines, DAL -4%, UAL -6%, no doubt, on Ebola air travel concerns

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VIX update from Mr T.


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time for lunch
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12.27pm.. Possible double top on the VIX in the low 28s, with equity floor of 1837/40.

Hmm..

*fed beige book due at 2pm.... something to watch for.


12.45pm.. a CDC press' conf. is due any minute.

Market upset.... new equity lows.... CONFIRMED with new VIX high.