However ,the VIX still shows little conviction of serious upside, only climbing 3% to the mid 17s
IWM'60min
Dow'60min
Sp'60min
Summary
Bears should be content with today, especially the closing minutes. First downside target remains a very obvious '1380.
A lot will indeed depend on the Bernanke tomorrow, yet as ever, how the market interprets the words..even more important than the words themselves.
More later in the evening