That's it, even industry groups look horrible, ESPECIALLY TECH / XLK.
The 5 min VXX/ VIX futures looks good, I pointed that out yesterday, just the 1-3 min intraday charts look like the market could go for a gap fill or something, I'm not sure how much because there's so much damage.
The actual 1 min VIX futures confirm VXX, but UVXY doesn't look as bad, in either case, that's the best evidence for a bounce, not the averages, not the Index futures.
Based on that, I'd say we will still see something, what it turns out to be is a mystery, again I think we are going to see another shift or change in character, perhaps gap related.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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