12pm update – game over bulls

Baring some bizarre late hour agreement, the indexes are going to get smashed within the next few trading days.A fast snap move down to the November sp'1343 low seems viable, with a move sub 1300, within the following 2 weeks.

Sp'weekly2, rainbow

VIX' weekly

Summary

Red candle on the weekly index chart...very good to see.

The VIX breaking over 20...VERY important.

Regardless of how we close today, the damage has been done, and I'm holding to all original targets.

Sp'1225, with VIX somewhere in the 35/45 range. Its hard to guess where VIX will max out at, but clearly, a break into the 30s would seem the 'minimum'.

Back later..probably with an update after the close.

10.30am update - VIX breaks 20...we're on the way

*updates..as possible

VIX just broke 20...we're on the way.
--

VIX weekly..is coiled, and looks set for a move into the 30s..and 40s..by mid-January.

Holding to all targets.
--

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open around sp'1421. Again, its minor upside, and it will be important for the bears to make a challenge of the sp'1413 low by the close of today.

sp'60min

sp'daily5

Summary

Certainly, I want to see a break <1413 sometime tomorrow, and trading <1400 at least 'briefly' sometime during Friday trading

A key event will be VIX breaking the 20 threshold. That is indeed what the those seeking much lower levels should be seeking.

---

*please note, updates will be sporadic, whilst my main net is also 'sporadic'.

One stinking week until some engineer is (once again) scheduled to fix it. I am clearly, cursed by the gods.