US equities are bouncing, with the SPX climbing from 4127>4160. Multiple aspects of resistance around 4170. The micro 5/15min cycles favour the equity bears into the close. VIX appears due another close above the key 20 threshold.
sp’60min
VIX’60min
Summary
Well, I’ve seen enough of a bounce on the SPX 5min cycle, with a mirror retrace in the VIX…
Yours truly is heavy short, from around 4255.
I hold three SPY PUT blocks.
All Nov’10th, 412s, 411s, 410s.
Again, my end time target for this wave is Oct’31st.
I’m open to Nov’2nd… as ‘fractal guy’ is touting, but the cautious will arguably trade ‘light’ on the day of the Nov’1st FOMC.
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notable stock: AMZN
Amazon has earnings in AH
The bigger problem is the main market.
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notable stock: INTC
Intel has earnings in AH
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notable stock: F
Ford Motor has earnings in AH
A wild card… with a strike set to end.
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notable stock: AAPL
The loss of the 200dma merits alarm bells.
back at the close…