sp'daily5
VIX'daily3
Summary
*note how sp'2090 is kinda an interesting level on the sp'500 chart. If we see any price action in the 2080s.. it'd be suggestive of 2050s.. if not a lot lower in August.
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Despite the recovery/bounce, we do have a break of trend.. in both equities and VIX.
Daily MACD cycle on the VIX is offering a warning that despite a two day equity bounce... we're so low on the cycle.. there really is only one way for the VIX to go from here... UP.
*I remain long-VIX, and have little interest in exiting until at least the 16s.
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notable weakness: FB -4% in the $93s.
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Someone just reminded me of this...
INTC, daily
Today's candle sure ain't pretty... another fail on trend... at the old floor of $29. Target remains 26/25.... H/S would suggest $22.50
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time to shop... back soon