US equities are very significantly lower. VIX has seen a spike into the 21s.
sp’60min
VIX’60min
Summary
Equity momentum due to turn negative, with VIX momo’ due to turn positive. Appropriate mirror.
Most notable… the VIX, which has broader price structure of a bull flag, that threatens as high as 30… but that would require some ‘spooky news’.
Its 11am… typical turn time, offers a 2-3 hr bounce.
Clearly though, we’re settling red!
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notable stock: AAPL
Yesterday’s hollow red reversal candle played out.
Today’s candle is bearish engulfing.
Support $212
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notable weakness: BA
New multi-year low. Target $130s
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notable car: TSLA
Whacked lower by the main market.
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notable semicon: NVDA
S/t spec’ buyers on Jenson at a GS conf’.
Structure IS a bear flag. Broadly bearish to 75/67
Time for lunch