Look for a bid to the Dollar the rest of the day, it’s the easiest trade to push.
21.50 VIX came very close to matching up with the 200 DMA in the Spu’s.
Hence the bounce in the Spu’s.
That’s a pretty good capitulation low for the day coming just before London’s close.
You’re going to get big bounces off of every level I’ve highlighted.
Price action should remain violent the rest of the day.
Time Frame trading the rest of the day.
I’m headed to the airport for a meeting in NYC.
Traders who wish to leave your order working in the Spu’s need to know that I won’t be watching to hold your hand if there is indeed a late day swan dive.