The SPX is set for a black daily candle… or outright red. VIX is battling to settle in the 19s. Thursday threatens something more… with soft target of sp’4069.
sp’60min
VIX’60min
Summary
Today’s close does appear set to merit as being a key reversal.
Thursday will offer the first opp’ for sig’ downside.
More than anything… I want to see VIX break AND hold >20.
I hold short…. but my patience is wearing thin.
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notable stock: MSFT
Due to settle with a black candle… or outright red. A very key stock to track.
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notable stock: AAPL
Momentum remains negative, as this does appear due to settle red.
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notable stock: TSLA
Rather powerfully lower. Typically catching the more speculative s/t bulls… but not today.
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notable trans: AAL
Today’s lousy outlook is a reminder that the route into summer isn’t going to be pretty. Sister airline Delta (DAL) has earnings early Thurs’.
back at the close…