10am update - very mixed open

US equities open sharply lower, but... there are signs of an opening reversal, with a black-fail candle on the VIX. Gold is catching a fear bid, +$7. Oil remains weak, -0.2%... but well above early lows.


VIX'60min

sp'daily5

Summary

*not shown, but there is a reversal candle (to the upside) on the R2K.

What is clear, equity bears should have good tight trading stops... in case this nonsense rallies from here.
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Notable weakness: copper miners, FCX and TCK, both lower by around -9.8%.. see my 'fair value' post on both.
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A LONG day ahead.... stay tuned!


10.12am.. VIX continuing to cool.... bears should be careful (as ever).... 


10.35am.. chop chop...  still holding the sp'2k threshold (surprisingly)...  bears exit window will typically close at 11am.