2pm update - eyes on the VIX

US equities remain moderately weak, sp -12pts @ 1907, but a significant way below the opening high of 1927. A daily close in the 1905/1890s remains viable. VIX is notably still failing to show any upside kick... but the hourly cycle will be offering the 27/28s tomorrow afternoon.. which would likely equate to sp'1860/50s.


VIX'60min

TVIX, daily

Summary

*if VIX 27s tomorrow.. TVIX should be higher by around 15/20%.... the 14.50/15.50 zone looks very viable.
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So... two hours to go... and all things considered.. equity bears should be very pleased with today.

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notable weakness...

CNX -10%....
BTU -12%... having now seen a reverse split... the coal bears are merely re-shorting it again.

TWTR -7% whom they name CEO will make little difference.
TSLA -4%..  maybe they're not charging enough for the new model X ? Perhaps 0.25 million would suffice?
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GDX -2.6%... despite precious metals mostly holding together.
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2.30pm.. It appears we have a bounce high at the typical turn time of 2.30pm of sp'1916...

First target is now 1890/89...a full test of the Aug' low looks pretty reasonable tomorrow.
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