The early morning gains to sp'1949 now seem a long way up, as the market is clearly struggling. A great many individual stock charts - DIS, INTC (its a long list) are warning of a major problem within the next 2-3 trading days. VIX is so far showing no concern, broadly flat in the 22s, but with viable upside to 26/30 by Friday.
sp'daily5
sp'weekly6
Summary
Question of the hour...
Which part of the last six weeks is even remotely similar to the price action of Oct' 2014?
This is no V shaped drop. This is a CORE BREAK... chop under old support.. with another major wave lower due.
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yours.. still short... and trying to be patient
