Very bad economic news flow and rumors of European banks requiring overnight loans have markets down big and the VIX +30%. While that is reeling in, internals are SO overwhelmingly negative I’m neutral on intra-day trend here as price flirts with its flat VWAP (well maybe 60% down/ 40% up whereas normally I’d be 80% down biased). IF we can rebound, I’ll be watching opening prints for possible resistance.
