sp'60min
vix'60min
Summary
*opening black-fail candle on the VIX did hold... just, but has of course been negated with a new high in the past hour.
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So... what now?
Since last Friday I mentioned the 2030s as important to hold, and we have a decisive break through that level already.
As it is, we're at the typical turn time of 11am... so.. its time to see what the bulls can manage into the afternoon. Unless we get a daily close in the 2040s.... I'll be somewhat concerned that 2k will fail... which of course opens up a 200dma test.
All things considered though, I still don't think that likely.
Anyone currently short...well... 'trading stops'.. would be useful....right? After all, we've seen a few hundred mornings like this, and it usually ends the same.
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11.30am.. The R2K will have a fair chance of turning positive this afternoon... I sure don't see a problem in the second market leader.
Call it pre-FOMC jitters... motivated by lousy earnings?
Oil picking up... +1.4%