sp'60min
VIX'weekly
Summary
*the weekly VIX chart is offering the 25/28 zone next week... but more on that later.
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Its turning into a real ugly week, as the Wed' morning high of 2080 is now looking a long way up. All indexes are set for sig' net weekly declines.
No doubt, some will be putting on crash-hats for next weeks FOMC. I'm not expecting any sustained action <2K, but with each 1pt lower... the end year target becomes ever more difficult.
For now.... a floor around 11am looks probable... then minor rally to settle the week in the 2035/40s zone.
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time to shop... back soon
10.30am.. A distinct bounce from sp'2021 to 2032... rest of the day... probable chop.. settling in the 2035/40s.
Gold has seen a notable swing from -$6 to +$5... and that is helping the related miners.. GDX +1.5%