VIX: Nuetral leaning Long
Over all weakening support for the broader markets, aside from media frenzied pharma and the NASDAQ's push behind earnings likely to see some sell off today. Directional movement showing bearish indications, will watch supports and resistances closely today along with charted trend lines on the cube. Initial overlay on 30d/3Hr analysis. Starting to see more volatility support as fear and uncertainty enter the space again. Watching 2y, 10y Bonds, copper, crude as well as rough rice as indicators for bearish plays. Expecting some reversal on precious metals primarily gold, may be a good time to pick up some short positions over the next 2-3 days.
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