sp'60min
Summary
New highs in 3 indexes... price action is much like yesterday. We're in algo-bot melt mode.
VIX looks floored in the 14/13s.. and is still suggestive of at least a move to the 18/20 zone, but overall, there is ZERO hope of anything significant for the bears.
No doubt, the BoJ are buying up the market this morning. After all... what else would they do?
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As for the metals.. its merely a bounce. The Gold floor was taken out last week, just how stupid are people to already have forgotton that? Ohh, thats right, they are the gold/silver bugs.
GLD, daily
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*I'm considering closing out an index short at the top of the next up wave. A 'sacrificial bear capitulation' on my part, just might be what is necessary to turn this market around.
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11.25am.. Closed out an index-short...
Best attempt to maximise loss, sp'2033.
I can only hope - for the rest of the bears holding out, it is enough of a sacrifice to turn this market lower next week.
yours..
no positions.... done for the year (probably)