dow'60min
vix'60min
Summary
The weather is matching my mood today, and the fact we're higher..that does nothing to help.
A possible double micro-top on the Dow, but that's highly unreliable on such time scales.
The only thing the bears really have left is that the VIX is already smashed so low, it really can't go much lower (at least in this cycle). On any basis, the VIX is due a little spike higher, even if its just briefly to the low 16s.
Yet, its taking too long, and the longer we remain at these levels..consolidating sideways, the bulls can be even more confident of further gains into February
.