Closing Brief

It was a fiercely bearish day for the US indexes. The two day bounce was indeed...a bounce. Sp' settled -39pts @ 1833. The Trans/R2K, settled lower by -2.1% and -2.8% respectively. Near term risk of 1810/00, with a primary zone of 1780/60, which would equate to VIX in the low 20s.


sp'60min

Summary

*I added a secondary VIX-long block in the closing minutes, from VIX 15.70s. With the break of sp'1837, and VIX 16s.. I am more comfortable with getting more involved.
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Fun day huh?

To all those shorting the 'stupid fed bounce' yesterday..congrats.

To those who are still looking for the sp'1900s..it is now white flag waving time..right?
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more later...on the VIX