10am update - black candles..everywhere

The market breaks the mid-Sept' high of 1474..to hit 1478, but is that it? There sure are a lot of black doom/fail candles out there in the opening 30 minutes. If this was a brief spike to the upside, bears should seek a close in the mid 1460s. VIX opened a touch higher...surprisingly.


sp'60min

vix'60min

Summary

Its a very tricky situation.

We have the break higher, but there is already a little weakness out there, and the VIX is not confirming the break higher at all.
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*some individual charts coming..on what might be an opening failure

FCX

CAT

Will be interesting to see how both close.
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UPDATE 10.20am.. so much for that weakness...market is 1479..and climbing again.

Trans/Rus'2000 are especially strong..and cruising to new highs.

This market is a freight train...and nothing appears to be able to stop it.
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