sp'daily5
VIX'daily3
Summary
*with the break above 17, the door is finally open to next resistance in the VIX 20/21 zone.
--
Considering the ongoing Greek situation, the current equity declines are only 'somewhat interesting'. Even VIX 17s aren't anything for the bears to get overly hysterical about.
Best guess... sp'2060/50s.. with VIX 20/21.. and then UP... after the July 4th weekend (and no.. that doesn't mean I am saying July 5th will open higher).
Broadly... I still fear one further lunge higher into early August.
--
notable weakness: Ford (F), -2.5%.. daily chart looks lousy
BAC -2.5%... still unable to clear key resistance of $18.
SDRL, -3.1%.. as Oil prices are weak
--
VIX update from Mr T. due.
*seemingly.. another no-show...
--
time for lunch