US equities have opened significantly higher, with the sp' already hitting a high of 1915.. with VIX in the 24s. However, the market remains vulnerable to another reversal. Right now, bears should be battling for a monthly close under the sp'1900 threshold.
sp'60min
vix'60min
Summary
*.. fell asleep... am back now.... I guess the market opened without me.
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brb...
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Okay... so.. we have an opening reversal candle in the VIX. ... just like last Friday. VIX has now filled the opening Monday price gap..... so we can go to the 30s now.... yes?
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... catching up on some of the data....
so.. ADP jobs 200k.... broadly inline
Chicago PMI, a recessionary 48.7.... reflecting the Sept' upset.. esp' in foreign markets.
10.31am. Oil inventories.. 4 million increase..... and that is not helping Oil prices.. back to flat.
Recent price action is increasingly tight though... a big move is coming.