10am update - another tease?

The market opens with moderate declines of 0.6%, but why would they build or hold into the close? USD is again higher, Oil is lower, Gold is flat, but Silver opens down 1.4%. VIX is 7% higher, but its already sporting a black/fail candle in the opening 30mins.


sp'60min

VIX'60min

Summary

I certainly won't be trying to chase this market lower, this side of the Easter break.
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The key problem the bears face is underlying momentum is shifting back to the upside, at least for a few days.

Thursday is big POMO, that's also going to make it real difficult.


SLV, 15min

Possible reversal underway in Silver, will need to see the low 28s to be confirmed.