12pm update - new lows

Mr Market is really struggling after a pretty fierce morning battle. Those earlier index gains are largely gone, and a few indexes are already red. VIX is still -5% though...cooling off after yesterdays 34% explosion. Metals have seen a strong swing to the upside.


sp'60min

vix'60min

Summary

Hmm..the Bernanke testimony is kinda interesting.

Key rising support @ 1480/75. That will be the place to go long, although I'd rather wait until tomorrow morning.

From what I've read in a fair few places..it'd be a more natural time for a cycle low.

time for lunch !
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VIX update... from Mr P.





VIX -6.5% right now...still cooling down. VIX '20..I just can't see for some weeks.if not a few months.

back at 2pm