3pm update - a touch of minor drama

A minor snap lower..oohh the drama! Did the giant rock hit yet? Is this indeed bullish? Equities sitting on soft support. Bears need a break <1512, with VIX back in the 13s. Metals remain..distressed.


sp'60min

vix'60min

Summary

VIX is marginally interesting, but until I see the 15s, it really all noise. It could jump 10%, but as we've seen lately, such moves don't sustain themselves for more than a few hours.

back after the close..barring surprises