11am update - cruising higher

Mr Market is comfortably a little higher. Considering its opex, market makers will likely try to close this nonsense @ sp'1550. VIX is currently -9%, and it'd not be a surprise to see further declines into the close - down in the low 15s. Metals are higher, but Oil is a little lower.


sp'60min

vix'60min

Summary

We have a pretty clear break of trend, and on any basis, the VIX looks set to fall into Monday, if not also Tuesday. We're already in the 15s..and all things considered..14s again look viable.

Right now, it would seem the patient bears need to just sit back until Tuesday afternoon.