sp'60min
VIX'60min
Summary
Little to add.
Its already a little tedious, but we should close net lower. The only issue is whether it will be above or below last Thursday's low of sp'2033.
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notable strength... CHK, daily
Continued utter nonsense in CHK land. The company has basically pledged just about every asset to backup a $4bn credit line. If Nat' gas prices remain broadly subdued... it remains just a matter of time before the creditors pull the plug.
*It is notable that despite the last two days of hyper gains, CHK is still below the high (a black-fail candle no less) from early March.
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stay tuned
10.21am.. not surprisingly.. red indexes.. with a positive VIX.
Now its just a case of whether > or < 2033. Daily cycles suggest 2025/20 - with VIX >17.50.. at today's close.
Broadly though... no sustained bearish action for some weeks.