S&P E-mini Futures:
Declining from new overnight highs.
Get ready for endless daily propaganda. Especially stuff that makes zero sense.
And remember all that propaganda about rising Libor rates being due to SEC money market reforms?
The deadline for those reforms was October 14th, 2016. Libor keeps rising.
USD higher. EUR & GBP lower.
Bitcoin up over 1%.
The more treasury prices drip, the more confidence I have in new lows at some point (could be months).
WTI crude up. NG ripping, up over 3%.
More redness, though trying for bounces on intraday charts.
Here's how things looked at yesterday's 20k+ Dow close and record high S&P close:
That's a buy signal for the VIX. Which means a possible sell signal for the Dow & S&P.
Usually prefer the classic set up: a close below the lower 2 standard deviation band then a close above it, but this doji has its merits too.
While a pullback could happen anytime, not yet seeing the stars aligned (except for tomorrow's new moon) for a deep correction.
A tight cluster of Fib extension targets resides at 2302.73, 2302.83, and 2305.50. Hesitancy could be expected and could bring some backing and filling, especially with the new moon ushering in change, as it usually does.
Not expected, but a decline below 2214.10 at this juncture could be a loud warning.
This is if anyone listened.