AFTERNOON UPDATE 2:28 PM

 

There are currently two open price gaps in SPY. TVIX striking the 200-day MA and the ABC measured target appears to have announced the October bottom.

Below is the TVIX chart I posted October 29th at 1:22 PM.

Gold and miners appear to be slowly rolling over. We should find out tomorrow or Friday if the November breakdown is occurring.

I’ll post a report around 5:30 tonight.