sp'60min
vix'60min
Summary
*VIX remains relatively stable, a daily close back in the 18s will open the door to the 20s again, but that seems very unlikely until next week.
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So...the closing hour to what has been a pretty annoying day. For many out there, this was one day to forget.
*I will hold heavy short overnight..and most likely into next week.
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re: next week. It has to be noted, its a 3.5 day week, with an early close on Wednesday (1pm), and Thursday closed.
3.22pm, borderline break of the rising channel....
Bears need a close <1610 to make things a bit clearer
3.33pm...well, no power on the bear side...everything is back on another micro-rally.
At this rate, R2K will close up 2%, with VIX stuck in the 16s.
Bulls only have to break 1625 in the next push, and that would negate the weekly outlook.
Lousy end to a lousy day. Urghh