1pm update - bounce almost complete

US equities have continued to claw higher from the early low of sp'1908 (VIX 25.30). Broader price action and structure is increasingly bearish with each day.. and there remains high threat of renewed downside later this afternoon.


vix'15min

sp'15min

Summary

*I am standby for a VIX-long.. and SPY-short.
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Well, I'm kinda tired... and I suppose I could sit it out.. not least with the Yellen this afternoon at 5pm (coverage live on Bloomberg).

.. but considering the broader trend, I'd like to at least pick up something short.. before the close.

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meanwhile... in autumnal London

Sunshine.. but chilly

Bullish UK property/construction sectors?

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stay tuned