Friday, 2 October 2015

12pm update - due another wave lower

US equities have bounced from a morning low of sp'1893 to 1917.. with VIX cooling to 22.73. Equity bears should be seeking a weekly close <1900.. along with VIX 24/25s.. to keep the door open to 1867.. and lower next week. The rest of today... will be rather important.


sp'60min



vix'60min



Summary

*Fed officials Fischer and Bullard are due across the next two hours... and Mr Market will be listening.
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All things considered, a break back under sp'1900 looks probable.
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Here in London city...

A few hours of bonus summer warmth
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VIX update from Mr T.



.. ohh.. and I receive a shoutout.  Is that bullish?

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time for lunch
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12.30pm.. the micro 5/15min VIX cycles... extremely low... we're due a turn.

sp'1926.... pretty crazy... as bears short-stopped out.


12.32 VIX sees a flash print of 20.35... trying to put in a hyper-spike low...

5min


stay tuned
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12.37pm.. Crazy algo-bots.... VIX back 22.20s.... a move into the 23s will confirm a turn.

*I hold long-VIX.. will very likely hold across the weekend.. with price structure as it is.