3pm update - running the bear stops

A minor up cycle, and many of the bear short-stops will be getting triggered. Dollar remains a touch lower, with Oil and precious metals still weak. Bulls should be seeking a close >sp'1525. The VIX is decaying this afternoon..it doesn't bode well for the bears.


sp'60min

vix'60min

Summary

The VIX is probably the tell of the day. An opening black candle, often a sign the bears are failing from the open.

VIX 11s look viable if sp'1550/60....the only issue is whether VIX single digits will occur before the next major down cycle in April/May.

back after the close