12pm update - bullish break through

With the break to sp'1795, the bulls look set to battle to the 1810/15 zone within the next few days..which will likely equate to VIX 15/14.50. From there, we should roll over again - at least that is what the bigger daily/weekly charts would support.


sp'60min

vix'60min

Summary

*you can see VIX is on the slide..and the low 15s look an easy target
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Well, anyone on the short side had plenty of opportunity to exit yesterday, if not also the Monday open.

Now..its just a matter of waiting for this bounce to complete.


VIX update from Mr T.


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time for tea :)

*just turn on CNBC for a few minutes (if you can stomach it) some of the bullish talk is hilarious. I only imagine how hyper confident they will be on another up day to 1810/15.