12pm update - bull maniacs in big trouble now

US equities continue to slide, and we're getting somewhat close to the August lows. VIX is showing some moderate upside kick, +6% in the 17.70s. R2K has lost the critical 1080 floor, and looks headed for 1050 in the near term.


sp'daily5

VIX'daily3

Summary

Frankly, this is starting to get rather entertaining.

As ever, my sights are on the bigger price structure, and for you regular readers out there.... chart sp'weekly7a remains the 'stuff of dreams'.

*I am more than content to sit on the sidelines... will look to go long from 1910/00... hold until 1970/90.. .and then launch a 'mini crash re-short'.

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VIX update from Mr T.



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time for lunch