US equities appear to have seen a morning floor (naturally around 11am) of sp'1908 (with VIX 15.30). A bounce into the 2pm hour appears underway.. with viable upside to 1920/25. with VIX 23.50/23.00. Daily cycles are offering sub' 1900s, with VIX 30 by the Friday close.
sp'15min
VIX'15min
Summary
*I exited VIX-long and AAPL-short in the 11am hour.... I'm now fully on the sidelines.
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Note the turn at 11am... it does often happen!
Lets see if the market can claw back upward into the 2pm hour.
Yellen remains a threat to anyone holding short overnight.. but broadly... I would have little concern for a re-short from the sp'1920s.. with VIX 23s.
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VIX update from Mr T.
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time for tea