10am update - morning gains... to fail

US equities open moderately higher, but there seems a very high chance that the main indexes will turn a little lower within the next few hours. Last weeks low of sp'1952 is a key level... and should just about hold.


sp'60min

VIX'15min

Summary

*I will be focusing on the VIX today...

I'm seeking to go LONG-indexes, but I'd rather do that on another minor VIX spike. However, I do not expect the Thursday high to be surpassed.

So...lets see how high the VIX can get on the next minor up wave....


10.17am... chop chop.....equities want to rollover again....

I sure don't fancy buying with this setup...

VIX clawing upward....although the 15s would be surprising to see again.