Why don't you open a spread-betting account and trade the index (SPX or VIX, as you please) with a geared instrument?

Nice trading Kobie - thanks for your posts of setups like these!

Kobie, jou doring!!!   

Broke out of channel, almost reached the 50% fib, then perfect retest of channel top. Now we wait and see how much further we go... to the 61,8% fib, further?

... but it just doesn't seem to want to stay below that 2566 support level! 

Or alternatively, we simply had a perfect retest of the rising wedge today, and the market goes down from here.

A 13 point increase in the SPX would bring us right into the 2594 pivot range.

NICE 

Now, a question to all who care to give an opinion: can one see this as an IHS? In which case it would measure approx. 100 points in the DJIA, or 13 in the SPX...

zzzzzzzzzzzzzzz - DJIA has been in a roughly 20 point range for 3 hours now. Hope we break out of this mess soon!

Thanks.

Steve - on Coffee futures I am very nicely up on my trade from yesterday. I already took off 30% when price hit the 20 day MA. Where would you suggest a prudent stop to be ... just below the 20 DMA? I reckon I should in any case take off another 20% or so before the close today.

Nice bounce in Coffee Futures - excellent call, mla127!!!

piercing the 130 SMA (= 20 day SMA).

{chart courtesy of BPT of course   }

ye Gods, this wedging upwards grind is just relentless... must break at some point, but when???

lots of divergences; however, this is certainly a trend day (DOW much stronger than SPX and RUT), so perhaps a MACD recycle towards zero, and then another pop up late in the trading day? This might enable MACD to cross over again in order to provide proper divergence also on this indicator. Thoughts...?

IWM 5 min

you have nothing to apologize for - here's a 60 min view of IWM:

Due to rollover from Oct to Nov contract I would assume

retest of the broken trendline... let's see whether it takes off from here or not.

has a bull flag look to it