12pm update - provisional sign of a turn

The VIX is offering the first sign of a near term floor, having hit 12.98.. along with sp'2108. There is a rather clear gap zone from the 14.70s to 16.80s. A Wednesday washout to sp'2080.. with VIX 15s looks very viable.. before resuming higher into next week.


VIX'60min

Summary

Little to add.

For the equity bears.. its been a rough time since last Friday morning. Regardless of any weakness this afternoon.. and tomorrow morning, the broader trend still looks upward into August.
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notable strength...TWTR

5min cycle

Rumours of a $31bn buyout offer... but right now... subsequent chatter of denials are flying around.  Crazy.

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I've eyes on INTC.. perhaps to pick back up tomorrow late morning.. right now the 29.50/30 zone looks viable.

60min

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VIX update from Mr T. .. better late than never.



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time for a cool drink