11am update - gains holding

The main indexes are largely holding their opening gains. With the VIX -11%, the bulls look set for some significant gains by the close, with the sp'1570s still viable. Despite the weaker USD, metals are weak, and Oil has lost most of its opening gains.


sp'daily5

vix'daily3

Summary

So..the indexes are higher, and the VIX is back in the 12s.

One thing the bears should look for across the next 5-10 trading hours....a higher high for the indexes, but the VIX not breaking a new low.
--

I am kinda curious about re-entering Oil, its almost back to where i went long yesterday. Hmm

USO, 15min

MACD cycle is way too high though...there is no hurry on that trade.

back at 12pm