12pm update - eyes on the VIX

Whilst the main indexes remain a touch lower, the VIX remains the anomaly. It is very low on the hourly cycle, and once a turn higher begins, we should (in theory) see a considerable downward move in the indexes.


sp'60min

vix'60min

Summary

So...red indexes, but a red VIX too. I'm sure many are somewhat confused by it, but we saw it as recently as last Thursday.

*the fact the $ appears to be able to hold DXY >81 is a good sign for the bears. 82/83 would very likely equate to sp'1340s.

Ohh, and another great day in AAPL land...

*I'm guessing AAPL will level out somewhere around $500..could even be within next few days..which would sync up nicely with the main indexes @ sp'1350/40

back at 2pm..or earlier..if any drama ;)