11am update - here comes the recovery

Initial market declines are failing to hold, and bears are somewhat 'on the run' again. We could easily close green, and the sp'1570s remain viable at any point. USD is holding opening gains of 0.4%. Oil is moderately lower, Gold is higher, and Silver has seen a strong opening reversal.


sp'60min

SLV'60min

Summary

So..market is trying to battle back upward..as I feared. VIX is also a tell, black opening candle on the hourly charts, thats never a good thing to see in bear land.

No point shorting the market here..ahead of a long weekend.
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*Silver seeing some strong moves after what had been a quiet three days.