Just When You Thought it was Safe…

The downside scenario triggered when S&P futures reached our upside target on Jan 22…

…is playing out very nicely indeed.

Credit VIX, which uncharacteristically didn’t collapse last night……and CL which, having come close to our 51.62 target on Sunday, is taking another gander.Needless to say, our downside targets remain unchanged.

BTW, Boston folks, I’ll be downtown today and Friday. Drop me a line if you’d like to meet up.

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