sp'60min
VIX'60min
Summary
Little to add... on what is likely to be an increasingly choppy OPEX.
Market makers would be more inclined to try to pin the SPY to 205 (aka.. sp'2050).. rather than 204 or 206.
The only remaining issue for today is whether a significant wave of rats want to sell into the weekend. Certainly... it has to be asked.. who would want to be buying at this time.. or price?
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notable weakness, agri', DE, monthly
Deere is net lower for today by around -5%. Seen on a monthly cycle chart, we have a giant bear flag.. with massive resistance @ $85. DE looks highly vulnerable to the mid $50s before year end.
To be clear though, I like the company for the super long term.. I'll be looking to buy in the $50s... agriculture is one of the ultimate economic core sectors. Bullish... food.
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time for lunch