sp'60min
Summary
Q. Do I get a prize for worse post title in the past hour 'upside into the close' ?
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Closing hour candle... the worse net hourly decline since the Monday open... swinging from 1926 to 1867...a monstrous swing of 59pts.. almost 3% !
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So... I had expected some downside from the earlier high of sp'1948... and I thought 1920/15 was a bold target.
The closing hour candle is a serious problem to those seeking renewed upside tomorrow.
Now overnight futures/Asia market action will be critical.
No doubt - and justifiably so, some bears will be clawing for the Oct' low of sp'1820 tomorrow.
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*I hold overnight, long-AAPL, from the $107s, with sp'1916. Seeking an exit in the 109/111s... within 2-5 days, although after today's closing hourly candle.. that is probably optimistic.
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more later... on the VIX