Whacky Wednesday Rub Down
Another solid positive day for the Zero:
I slept through the open (don’t ask – have family from Europe in town) but had I seen the open I would have known right away which way the wind was blowing – that Zero Lite reading was pretty clear.
Otherwise, nothing really to report – you guys know the game I’m playing right now – both scenarios are still valid and I would give each of them a 50/50 chance right now. Doesn’t really matter to me as I’m building long term positios right now – give me higher or lower tape – I’m happy.
BTW, the VIX buy signal is officially unconfirmed – despite a positive candle in the SPX Mr. VIX closed above yesterday’s close. This might be good news for the bears – we shall see – TA is a precarious endeavour lately.
Program Trading Update:
evil.rat/NQ: -23.75 (whipsaw central – about to kick this one to the curb)
That’s all I have for now – I’ll chime in again a bit later.