The Good, the Bad and the Ugly

We’ve had no shortage of good sessions.  Yesterday was unquestionably more on the bad side.  Could today mark the arrival of ugly?

We have dueling factors this morning as CL and RB have dropped through our next downside targets (including CL’s 200-DMA)… …but, USDJPY is pushing up through the neckline it dropped below yesterday.  VIX will need to act as tiebreaker.  As of now, VIX is well above all of its moving averages — including the all-important 200-DMA.

The bullets are flying and folks are ducking for cover.  Anything could happen.  But, for now, my money’s on Ugly.

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