sp'daily5
VIX'daily3
Summary
So... we're set to open a little lower, but its nothing to get overly excited about. Hourly/daily charts are pretty messy... whilst the weekly cycles are still outright bearish.
The original target of the low 1900s is still within range, but really, bears have to at least break back to the low 1940s...today..or tomorrow.
Similarly, VIX 18/19s will likely be necessary to clarify that volatility is indeed returning to the market, rather than algo-bot churn into year end.
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Update from Oscar, who has flipped bearish.. at least for the open.
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I'll be around today... at times, but frankly...I still feel pretty dire. I could do with the Dow -200pts to take the edge off my blazing headache, amongst other things.
9.38am... sp'1949... close to taking out the key Friday open.... VIX +7%...a good start for the bears...