US equities have put in a short term high of sp'1927.. along with VIX 23.09. First target for the equity bears should be a break and hold underneath the hourly 10MA.. which will be around 1910 in the 11am hour. VIX is trying to turn positive... first target is the 26.50/27.00 zone.
Today is setting up better than feared.. from the overnight high of sp'1940.
Most realistic case is a daily close in the 1920/15 zone.
Best case is Thursday close 1905/00... which would offer good chance of the 1870s by tomorrow lunch time.
If that is the case... those short - including yours truly.. will get a reasonable exit opportunity into the weekend
notable weakness, AAPL -2.4%.. and that is not helping inspire others in the tech sector.
time for some sunshine... or I'll go crazy and go long.. or something similarly stupid. back at 12pm