sp'15min
GDX, daily
Summary
*the action in the metals is getting close to initiating a crash wave. The June 2013 floor was Gold $1179. A break under that will open up the giant $1000 threshold... next month.
If that is the case, most miners will fall a further 35/50% in the near term.
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As for main market... so long as we don't break >1991... price structure is a bear flag... targeting the low 1960/50s.... tomorrow.
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VIX update from Mr T. (date is wrong... but it is today's)
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time for lunch
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12.17pm...I was looking for a micro double top yesterday around 1990.. and we now look set to get one by 2.30pm.
Oh well, I won't complain...but I sure want to see the low 1960s tomorrow.. for a monthly close.
Notable weakness, INTC, -3.5%...
12.35pm... Double top... sp'1989... almost there. Looking for this to level out...
VIX -3% in the 14s...