sp'daily3 - fib levels
sp'60min
Summary
We have a pretty important closing hour.
Equity bears arguably need a daily close back under the daily 10MA of 2074/73.. considering the current price action... that won't be easy.
-
Notable weakness, INTC -0.4%... which is pretty lousy, considering the current market gains.
-
3.04pm.. short stop cascade underway.... sp'2080.... next level is the Mar'9 high of 2083.
Interestingly.. VIX remains relatively unmoved in the 15.50s.
-
3.15pm.. Equity bears need a daily close <2075 to break the bull flag... however, across Tuesday morning, any sustained trading <2080 will do it.
VIX attempting to floor.. -2.4% @ 15.62...
3.41pm.. minor chop.. stuck at upper end of resistance @ 2080....
A daily close under the 10dma of 2074 looks highly improbable.. and that does bode in favour of the bulls for rest of the week.
... back at the close