3pm update - holding the VIX at 24 ?

The VIX is showing more strength than I was looking for today. Partly its understandable, they are ramping up the prices of near term options puts/calls in anticipation of the Greek election weekend. Yet..we are getting real close to the important 24 level. A close in the 24s would be a real problem for the bulls.


sp'60min

vix'60min

Summary

When VIX was this high we had sp'1306. Its something to watch VERY closely in this closing hour.

I'm still guessing they hold the VIX <24...but..it really is right on the edge of breaking.

*the indexes could easily be floored on the 15min cycle though...if we're going to see recovery/ramp into the close..its going to occur right now!


sp'15min

More after the close.
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Update 3.08pm...well, they broke above VIX '24, things are starting to get messy for the bulls. Anyone long..should have bailed now. A break of 1305' would be the next target for the bears tomorrow.