sp'60min
VIX'60min
Summary
So.. Wednesday afternoon.. a little rally.. but overall.. its just the same tease we've seen since late December.
*ECB/Draghi is due tomorrow. Unless he literally spools up the printer tomorrow lunch time. there is little reason to believe the market will get hysterically bullish and begin a new up wave.
Current price action remains very unstable.. and the fact we've already broken the 1820 low remains notable.
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Oil remains under severe pressure, -4.5% in the $27s.
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notable hyper-reversal in...
TWTR, daily
I've no idea why.. but then.. are the 18s now to be touted as success?
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*there will high threat of another strong reversal from 1845/50 zone in the 2pm hour.
A daily close >1860 looks extremely unlikely
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2.04pm.. I've eyes on the micro 5min cycle... for sp'500 and VIX/TVIX.
A valid market re-short around 2.30/45 this hour....
2.12pm.. It continues to set up for a turn around 2.30pm.... with renewed equity weakness into the close.
I've eyes on TVIX....
2.18pm...
sp5min
Almost there.. in terms of time.. price.. sp'1850.. maybe.
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2.24pm.. I am long the VIX, via TVIX, with sp'1844, and VIX 28.70.
Target exit is sp'1780/70s.. with VIX 36/38
*I've little stomach for dealing with options right now.. especially from these levels. TVIX for me seems a valid compromise.
Regardless... I'm involved.... now we'll see if we get those sp'1700s I've been babbling about since Jan' 1st.