sp'60min
vix'60min
Summary
It is a particularly tricky close to call today... not least with sporadic news reports set to kick the market either way.
Best guess.. the 2072 line holds... with a down wave to 2025/20 before the weekend.
Lets be clear though, if market can break above 2072... then we'll keep on rising to new historic highs for most indexes.
--
yours tired.... and holding VIX-long overnight.
3.27pm.... with a press release announcing King O' declares ISIS a 'grave threat'... the market jumps above resistance.... sp'2073.... VIX loses the 17s.
Barring news that the Greeks are going to refuse an initial deal/compromise.... equity bulls are taking control.... urghh
3.32pm... King O' set to appear to issue his decrees... as all Royalty do.
Without question... damn annoying. and if we don't close <2070.... it bodes badly (at least technically) for the bears into the long weekend.
3.36pm.. twitchy market... 5min cycle maxes out at 2073... pulls back to 2068... annoying just about everyone....
CNBC cuts its over feed... switches to NBC, lol (well.. it did on my feed).
--
3.50pm... twitchy price action... indexes set to close flat.. fractionally red... in any case.. bears should be rattled at the break to 2073