The VIX opens 2% higher, but..its a small move, and to be largely ignored.
Dow'60min
sp'60min
VIX'60min
Summary
As I noted yesterday, considering the 2 day mini-surge, and the fact its opex week, the best the bears can hope for is probably sideways chop, with some doji-candle days. Its looking like that is very likely still.
We're only 1.5% away from breaking new index highs, and it sure won't take much to push the market up. more chatter on a likely Spanish bailout is certainly helping prop things up.
Only if the VIX manages to close +5 to 7%..minimum, could I take it even a little seriously. As it is, it could easily close red, and merely continue its current general 5 day decline.
back at 12pm