sp'60min
Summary
Well, a daily close in the sp'1970s looks pretty likely, and that is a big problem for those seeking a renewed wave lower.
Even if we do see a reversal from the FOMC tomorrow... I'll be highly suspicious that we'll get stuck somewhere in the 1920/00 zone.
..its not the most pleasing of thoughts.
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Notable weakness, FB -0.8%... ahead of earnings.
The daily MACD cycle is a lousy setup for the bulls... viable downside to the 50dma... if not the 200dma.
One to watch...at the close....
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3.14pm.. King O' speaking on Ebola... 'everything is fine'..... so yeah... its fine now... nothing to worry about.
Meanwhile... algo-bots are pleased.... sp'1980... VIX 14s.
3.32pm... Dow making a play for the 17k level. Just 2% away from a new historic high, which is roughly the same for the sp'500.
VIX -9% in the 14.50s.... we're back to the crushed low teens again. Incredible