3pm update - late day ramp to upset the bears?

Once again the underlying strength is showing through. The SP' is trying to claw back to the 1500 level. The VIX is still holding marginally significant gains of 6%, but those could easily be negated if the market closes back in the sp'1500s.


sp'daily5

vix'daily3

Summary

Despite the threat of a late day ramp - as has occured for most of the last 3 weeks, surely we are finally due a minor pull back?
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I'm guessing the VIX has indeed floored in the low 12s across the last few days, and a move to the low 16s is viable in 2 or 3 trading days.

The metals remain weak, but with endless (literally) free POMO money flooding the US markets, a major move higher seems likely into the spring.
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back after the close.