11am update - no downside power

US equity indexes are already in the process of turning positive, as the equity bears lack any power. With high threat of Oil battling to the $43/44s, the sp'500 still looks set to reach the 2060/70s.. before next realistic opportunity of a genuine turn lower.


sp'60min

VIX'60min

Summary

*opening hourly candle on the VIX.. a black-fail... and those rarely work out well for the equity bears.
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Little to add.

Oil is -0.2% in the $41s.. and will probably close net higher.. and we know what that usually means for the broader equity market, yes?

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Here in London city...

In the sunshine.. almost feels a little warm.
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time to cook!