3pm update – fading into the close

US equities are fading away, as s/t structure of a baby bear flag is playing out. VIX has picked up… if still only in the 17s.

sp’60min

VIX’60min

Summary

I’d keep in mind tomorrow is OPEX. We could expect the market makers to prefer a pin around 4100. That’d make for a net weekly decline, and keep open the door to 4030/4000 next week.


notable stock: TSLA

Pretty much horror, with zero sign of a s/t floor.
Natural target is yellow gap.

notable stock: MSFT

Lower with the main market, and holding under the massively important $292s.

notable horror: T

This is one ugly daily candle… cutting right through the 200dma.

notable stock: SCHW

Cooling back with the sector.

back at the close…