SPX slightly overshot (1.38 pts) our initial downside target yesterday before VIX was reigned back in, prompting an halting recovery for the remainder of the session.

With futures currently off 12 points, yesterday’s lows are going to be tested again — with an excellent chance of tagging our next downside target unless USDJPY bounces strongly off our target at 109.457.continued for members…

Sorry, this content is for members only. Click here to get access.   Already a member? Login below… Email Password   Remember me (for 2 weeks) Forgot Password