sp'60min
VIX'60min
Summary
*slight adjustment to key resistance.. to 2075/80 zone.
That is some 3% higher though.. and considering next week is just a 3.5 day week... we won't be trading above that until at least the following week.
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Well, its the last trading hour of the last full trading week of 2015. After today, just 7.5 days to go.
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Fed/econ chatter with Schiff on 'futures now'.
Is the Schiff stealing my post titles? ;)
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barring a break under the earlier low of sp'2013... I'll return at the close.
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3.19pm...
With a new low... I'm back...
sp'60min
I'm not one for wave counts these days... but the move from 2076 to this afternoon, does look like a nice clean 5 wave retrace.
So long as 2K holds (rising trend.. daily cycle)... things are still intact.
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3.21pm... Equity bears are getting a prime opportunity to exit ahead of holiday week.
From a pure cyclical perspective, the current setup is similar to Monday morning. The probability leans in favour of bulls next week.
3.25pm... new intra low sp'2009...
VIX is VERY twitchy.. flash prints UP to 23.30....
5min cycle.
The VIX machine has been twitchy for over a week now... sporadic 'rogue prints'.
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3.28pm... CNBC... Lacker remarks..
More excuses?
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Price action sure feels like its getting exhausted in terms of downside... as the VIX is now in danger of losing the 20 threshold. Bears.....beware!
3.35pm... price action sure is a bit wild... but then it is quad-opex.... market swinging from 2009 to 2015.
... back to net weekly gains... which remains a rather bizarre thing to consider.
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3.51pm.. I'd still argue bears are getting a prime chance to exit into the weekend.
.. back at the close...