sp'daily5
VIX'daily3
Summary
Not much to add. The two leaders - Trans/R2K are leading the way lower, and are highly suggestive that the Thursday peak of sp'2046 is a short term top.
Primary downside target zone remains 1980/50.. but that is clearly out of range this week.
--
VIX update from Mr T.
I'd agree on 'little interest in November', but we're due to turn positive cycle tomorrow... bodes good for the equity bears.
-
time for tea