sp'15min cycle
Summary
*there is a great deal to cover, and my head is spinning today for other reasons... urgh. Maybe I should have bought that bottle of wine in the store just now?
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Seriously though.. a wave lower was expected this morning.... now its a case of whether we can close positive.. much like yesterday.
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I've eyes on INTC...
15min cycle.
So long as it holds the $29s... I'll be content to go long in this hour.
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9.59am.. LONG INTC, from $29.40. Maybe I'm a bit early.. but I waited an extra.. having watched it hit $29.09 yesterday.
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10.10am.. Well, I was indeed early.. INTC immediate drops another 20 cents to $29.20.
VIX reflecting some notable market concern.. +12% @ 18.06.... equity bulls should want to see that cool into the low 17s.. by the close.
10.26am.. VIX cooling a little.. back into the 17s....
It would seem we have a morning low of sp'2056.. with VIX having maxed out @ 18.34.
*INTC holds the $29s... with a marginally higher low of $29.20.... the $30.00 threshold is viable late today... I can hope.. right?