sp'60min
Summary
*closing hour, renewed strength... but still well below the crazy spike of 2096
Closing minutes... distinct weakness... as the rats made a run for it!
--
It was one hell of a day.. with morning weakness way beyond what I thought possible ahead of opex. The bounce into early afternoon was natural.. but the hyper-spike to sp'2096 was indeed crazy.. and not sustainable.
As for tomorrow... the daily close (including US bonds) is suggestive of downside. Yet.. it is opex week, and there is threat of upside to the sp'2100 threshold.
*I hold long-VIX.. and short-AAPL (the latter is a first for me).
--
more later... on the VIX