sp'60min
VIX'60min
Summary
*it is notable that the VIX has already hit a new cycle high of 15.98. The 18s still look due... but not until tomorrow.. or more viable... Friday.
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So.. opening chop.. and it'd seem we'll see more of this.
Yes, I'm aware of the threat of a retrace back to the 2055/65 zone.. not least as there is a micro gap there.
Broadly though.. the 2020/15 zone still looks on track.
yours... patient. (overly?)
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notable implosion.....
CREE, daily
Collapsing after a profits warning. Price structure has been a bear flag since early March... now confirmed.
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stay tuned
10.31am... EIA report... net weekly decline of -4.9 million barrels. Hmmmm
The over-supply issue is of course... NOT remotely resolved.