sp'60min
VIX'60min
Summary
*there is a minor price gap in the VIX at 14.25/50, but that is out of range unless sp'2080s.. and frankly.. that looks unlikely.
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So, we're a little lower, but as is almost always the case.. the opening declines are nothing significant.
*if 2095 fails to hold... next level is the spike floor of 2085...
Equity bears continue to face the usual problems, and all things considered.. the low of day is probably already in.
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notable strength: TWTR +2%... certainly not getting the major jump that many were expecting last evening. Daily candle has already turned into a black-fail.... what a mess!
weakness, coal miners, BTU -3.2%... $2.60s.... the horror continues
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10.03am.. meanwhile... on clown finance TV...
Both look so very happy that its almost the weekend.
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10.06am... sp'2101.. with VIX cooling.... looks like we do indeed have a retrace low of sp'2095.
Hourly, daily, weekly, monthly cycle, will all be offering the 2150s on a spike high at next Wed' FOMC.
10.27am.. Well, TWTR close to turning red, on rather huge vol' of 24 million. Maybe they need the interim CEO to quit too ?
Broader market still holding the earlier low... just. VIX just not showing any sig' upside power.
10.37am.. So much for 2095 holding... VIX jumps, 13.80s...
Whats the excuse, Greek concerns?