sp'60min
Summary
Well, the little down wave has certainly made today a little more interesting.
Looks like sp'1818 will be hit..
Things only get real interesting if we put in a daily close under that level, and even then, there are a truck load of technical supports in the 1810/00 zone.
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For the bears out there....
Dow, daily
Got to break <16100, to really make any dent in the primary trend.
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3.05pm.. sp'1819...wow, just 1pt to go.
3.10pm.. with the fail of 1818....next support is the semi critical zone of 1812/10, with the 50% fib at 1808.
The bull rats are really getting a little scare today. No doubt..the crash calling maniacs will be out..guns blazing tonight.
3.29pm.. looks like we have some natural stability around sp'1817/19.
Anyone short..is getting the opportunity to exit, on the first decent down move in some weeks.
3.43pm... sp'1815...clearly..the big 1812/10 support zone is going to be tested.
VIX +12%...ohh the humanity, but still..we're only in the 13.60s....which itself is remarkably low.
3.49pm.. provisional turn in the 5/15min cycles...nothing confirmed yet....but...hell, those on the short side are getting the chance to exit.
3.54pm...looks like we might have a floor... VIX starting to cool a little.