sp'60min
Summary
*pretty powerful spike-floor candle this hour.
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The irony is that we're only 33pts from last Friday's high.
I'm still inclined to see a further wave lower to at least 1834. It simply makes little sense for the market to have broken <1850..only to get stuck at 1840.
An interesting afternoon ahead!
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VIX update from Mr R.
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time for tea :)
12.03pm... bulls still unable to clear the hourly 10MA - now @ 1850.
12.34pm... the chop continues....won't take much to kick this down into the 1830s.