sp'weekly
Trans, weekly
Summary
*I see little point in getting lost in the minor noise for the closing hour.... the weekly charts are all that is necessary.
Big declines for ALL indexes.. with VERY significant technical damage all over the place... as confirmed by a VIX that broke to levels not seen since 2012.
-
I've not said it yet.... but I will likely make a bold call later this evening... but more on that... later!
3.08pm.. Rats getting twitchy again... sp'1916.... new lows... viable.
3.25pm.... bull maniacs getting rattled, especially in the tech, Nasdaq -78pts @ 4290s
With VIX in the 20s... this is a CRITICALLY major success for the equity bears.
3.34pm... Fun end to the week huh?
Look at those bull maniacs bail..... ironically, selling a mere 0.5% above what will likely be a key floor anyway.... haha.
3.49pm... see them jump ship..... hahahaha... right at the lows.... this is VERY entertaining end to the week.
VIX +10% in the 20.70s..... a clear 3pts above the level I was seeking (17.40s).. for a critically important signal.
Well done bears!
3.51pm... great end to the week.. seeing the bulls get washed away.
3.55pm.. sp'1907... 3pts to go..... we might even break a little under... not that its important. Weekly charts offer HUGE support around 1900.
back at the close!