S&P Plunges To Critical Technical Support As VIX Spikes

With spiking above 13, US equity markets appear to be suddenly waking up to the potential that The Fed's constant stream of positivity was smoke and mirrors all along and a September full of massive event risk probably doesn't warrant buying the record high...

 

As VIX breaks out...

 

S&P 500 is tumbling towatfs its 50-day moving average...

 

And Small Caps have plunged through the 50- and 100-day moving averages....

 

Comments

agstacks spastic_colon Tue, 09/05/2017 - 14:02 Permalink

This article is funny.. https://www.cnbc.com/id/100553250 "Dear Readers:We've gotten a fair amount of email lately asking us what the heck we did with the comments section on our stories. For you conspiracy theory types, here's the answer: We got tired of your vitriol. So we turned them off.Just kidding. Really...and for those commenters who think this all part of some Big Media plot...well, I can't answer that....I have to go to a Cabal meeting."

In reply to by spastic_colon

John Law Lives Tue, 09/05/2017 - 15:28 Permalink

As a side note (and an important one), this story needs to headline on ZH (imo):http://dailycaller.com/2017/09/05/virgin-islands-allows-national-guard-…"U.S. Virgin Islands Gov. Kenneth Mapp signed an emergency order allowing the seizure of private guns, ammunition, explosives and property the National Guard may need to respond to Hurricane Irma." So, the goverment can seize such items in such an event.  Imagine that...FUBAR

Clock Crasher Tue, 09/05/2017 - 13:03 Permalink

This week might see -5% from highs (I doubt it).  One week after Irma leaves we will be testing Dow 22-thousand again before consolidating there in preperation for Dow 23-thousand.  Vix might hit 20 then be obliterated back to single digits.

soyungato Tue, 09/05/2017 - 13:37 Permalink

And those talks about oil trading in non-USD currency - like gold-backed Yuan are just empty talks. No one will trade oil with anything other than our mighty petrodollar. We'll bomb them if they dare ! 

rusty55 Tue, 09/05/2017 - 13:39 Permalink

I finally get the BTFD thing.  Good market day today.  The analysts at Shep Wave keep knowing these drastic moves in advance.  It is getting to the point that I think they really do have a pact with the devil. Keep it up Zerohedge.

Pollygotacracker Tue, 09/05/2017 - 13:46 Permalink

Two big storms in the span of two weeks. Not exactly a rosy picture for GDP. And, no, broken windows do NOT increase GDP. Irma may end up doing more damage than Harvey. Should be very interesting.

kavabanga Tue, 09/05/2017 - 14:47 Permalink

VIX - Big Stockmarket correction incomingThe Stockmarket relation to VIX is inverse and strong. Biggest Stock market crash ever is coming in a not so distant future as you can see. Politics, world economy plays into this as well ofc but just based on this indicator alone u probably want to get out of the markets now. Insiders have been selling huge amounts the entire year.https://www.tradingview.com/chart/VIX/6zKRgLg5-VIX-Big-Stockmarket-corr…