Spu’s… are now lower on the year. 1846.25 is that #.
Mvg avg support is @ 1837.25. They weaken below.
Resting sell stops under 1830 tgt 1800 and then 1685-90 via the resting macro sell stops @ 1732.
Nasd 100…3412 macro qtrly sell stops will lead to a test of 3355 ” the 200 day Pit mvg avg.”
Dax…9330-50 is support and the downside closing pivot.
UVXY…next resistance is 64.25 targeting 66.50
VXX…44 is weekly resistance.
VIX…breaks out to the upside with a close over 16.60.
The above are macro levels you should have so if investors lose their cool, you won’t.
What happens if Equities implode this afternoon?
The first positive ramification will be that Mortimer (running the on /off switch on the Bots) will be cordially invited to permanently unplug by the investing public.
If they want to keep their ATM’s running this won’t happen. But then again they’re greedy.