R2K, daily
sp'60min
Summary
*notable weakness in Oil, -1.8%, and the metals... Gold -$9
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Perhaps more than anything morning, despite the equity weakness... the VIX is NOT showing any upside kick.
Equity bears have an opportunity to exit here.
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VIX update from Mr T.
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back at 1pm.... unless we break <1150
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12.01pm.. FAIL. R2K 1149... breaking last Thursdays low, and the 50 day MA.
VIX jumps.. +4.8%..... hmm...equity bears need 13.30s to confirm something 'new'.
12.07pm.... finally Yellen concludes...
Maybe the indexes can rally from here. ?
looking at the daily/weekly charts..next key support is 1950/45.
Regardless, the VIX is not displaying any real upside power.
12.45pm.. R2K back on the rise.... now that Yellen is out of the way.