sp'60min
VIX'60min
Summary
*like the sp'500, there is a marginal break of the hourly trend of the VIX
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All the smaller 5/15/60min equity cycles are now on the low side.
Yet it remains a case that few traders will want to be buying into the weekend (although why didn't that thought occur to me yesterday afternoon?).
Anyway... there is a small chance that the algos might be able to do a short-stop cascade before the weekly close.. but even then, sp' is still set to close significantly lower, at least -20pts.
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AAPL remains stuck under the near term declining trend.
15min
$110s by the close are still possible, but I'm not exiting for that. I'll hold across into Tuesday.
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2.27pm.. sp'1912... VIX 29.40s..... and even though this is often a turn time in the day... right now.. it just looks lousy.
notable weakness: BABA -4.6% in the 63s....
Broadly, market seems increasingly concerned about next Monday's China open.
China ETF: FXI -4.2%