sp'60min
VIX'60min
Summary
*clearly, the opening VIX candle was fully negated... and we're in territory not seen since last December.. when the sp' was flooring in the low 1970s.
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On one level I'm really surprised, but on another - via the bigger weekly/monthly cycles.. I'm not. I think it is a case that its been so long since we've seen consistant significant weakness... few can believe their eyes!
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VIX update from Mr T. due
*seemingly a no-show today*
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time to see if the cheerleaders on clown finance TV are crying yet....
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12.09pm... Short-stop cascade appears underway.. with market swinging from 1993 to 2007.. and rising... VIX cooling.
12.22pm.. chop chop... with a viable spike low of sp'1993... but clearly.. NO solid floor yet. Indeed, at the current rate.. we could rally to 2120.. and we're still be -15pts on the day.. with no clear turn.
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12.33pm sp'2003... market battling to build a floor, but this remains a treacherous situation for those trying to find a buying level
notable weakness, AAPL -4% in the $107s. approaching first target zone of 105/100.