A disappointing end to the day for the bears, with the SP' breaking back into the 1440s. With the VIX closing lower, the index gains of over 0.75% were confirmed.
A lousy closing hour for the bears, those earlier signs of rollover completely reversed, and we closed at the highs.
I suppose it can be argued we're still in a broad down trend, and that this may merely be some sort of small wave'2 up, but..whatever it is, we've just seen a swing from the morning low of sp'1427 to 1440.
Difficult day in bear land, perhaps tomorrow will be better.
More later, including the VIX, which again completely failed to show any concern in the market.