R2K, 60min
VIX'60min
Summary
All things considered, the sp'2020s still look highly likely by tomorrow.
It will only take a single headline on the news wires to smack this market into the 2020s.. which is very viable by end of today.
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Notable weakness, oil/gas drillers, RIG -6%... SDRL -4%... it would seem RIG was downgraded by Credit Suisse
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9.56am Oil -2.4%.... and that is starting to cause problems for equities.. esp' the R2K.. now turning negative
10.03am.... so... right now.. best case for the bears by end of today.. sp'2025/20.. with VIX 21... that'd certainly give the mainstream a bit of a jolt.
time to cook... back soon..........
10.29am.. R2K -0.5%... and the bigger weekly chart is starting to look a little bit stinky.
Keep in mind, the bearish monthly cross on the sp'500 from end January.. is STILL holding.