US equities are seeing a broad reversal to the downside. VIX is offering a floor from the 16s. Regardless of the exact close, with a new hist’ high, it has to be seen as a day, week, and month for the bulls.
sp’60min
VIX’60min
Summary
So… a full reversal today? Sure its possible, but still… a new historic high can’t be dismissed lightly. For a bearish engulfing daily candle, we need a close under yesterday’s low of 4218. That isn’t overly difficult.
I’ll start to take things seriously again if the VIX can break >20.
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notable stock: EA
EA is broadly stuck against a key price threshold. Yesterday’s black candle has played out.
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notable weakness: F
Ford still cooling back. Old resistance $13s > new support. Bearish engulfing candle! Momentum due to turn negative next Monday.
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notable stock: CLF
The Wallstreetbets lunatics are still pushing this one. We’ve a major reversal lower.
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notable miner: GOLD
Gold/silver miners are pushing upward.
Yours.. awaiting lunch, with no intention of buying/selling anything today.