*CBOE seems to be having 'issues' see CBOE STATUS
sp'60min
VIX'60min
Summary
*Unless I'm mistaken - and the price movement in VIX is ZERO, VIX quotes are currently offline.
Bears really need to see a strong reversal today..with a close <1570.
--
10.05am.. VIX is on the move...so...issue resolved (if there was one), but 30mins of zero movement is odd, especially at the open.
10.19am.. sp' 1586..a mere 11pts from the high. This is getting real crazy. I guess some of the wave counters will all be re-numbering now.. Lets just see how we close.
Despite the index gains, VIX is only -1%, which is arguably mere 'noise'.
10.29am..well, this is clearly starting to get real ugly, and we're a mere 8pts from breaking a new sp' high.
Now it comes down to personal conviction on the mid-term bigger picture.
Mr Market is probably asking the bears 'have you capitulated yet?'