12pm update - battling higher

US indexes are continuing to battle higher, but the price action sure is a little fragile. The Fed minutes press release is due at 2pm, and that should be enough to kick the market to around 1865. Right now, the 1870s look out of range for the bulls on what is very likely...a bounce.


sp'60min

vix'60min

Summary

So..we're still pushing upward..if somewhat slowly.

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I remain on the sidelines, will strongly consider picking up an index short and maybe a VIX call block just after 2pm.


VIX update from Mr T



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stay tuned :)


12.36pm.. upper bol now 1866... ...and vix headed for 14.10/00