sp'60min
VIX weekly
Summary
*I wanted to highlight the VIX, to note the viable upside early next week.... the 21-23 zone looks a viable target is sp'500 test the 200dma.
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Suffice to say... its been an interesting four days.. having fallen from sp'2114 to 2045. Whether you want to call it a C, 3.. or 'whatever' wave... the bigger picture is again teasingly bearish.
As ever... the style in which we close March.. that will be pretty important... and could help shape how we trade into the early summer.
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VIX update from Mr T.
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time for lunch
12.34pm... First resistance is the hourly 10MA... which at the close of today will be around 2060.
Certainly, a daily close under 2060 looks probable.... and renewed sig' weakness into the weekend looks viable.. 2030s are well within range... which would clarify 2020/10 next week.