sp'60min
Summary
*new highs in the closing hour... sp'2089.. making for a 37pt hyper ramp from the morning low.
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... and another wacky day in the world's most twisted casino comes to a close.
Frankly.. I realise many will be utterly bemused at today's latter day ramp.. but then.. we saw some crazy action just this past Monday.
Broadly, nothing has changed, it remains a case of increasing weakness as seen on the bigger weekly/monthly cycles.
I realise some are seeking new index highs in the weeks ahead.. but I find that implausible.
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*I hold long-VIX overnight.. having earlier exited at 16.20... back in at 14.42.. seeking the 17/18s in the next cycle.
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more later... on the VIX