1pm update - the two leaders...still below the open

The sp' just broke above the opening spike high of 1566, yet the two leading market indexes are still below the open. Transports and Rus'2000 are stilll weak, although, they are admittidly the last real bearish hope. VIX is weak, whilst the precious metals remain strong.


IWM, daily

Trans, daily

sp'60min

Summary

Are the algo-bots just doing another stop run on the headline Dow, SP, and Nasdaq indexes, before a big rollover?

For the big money, the last short-stop line is of course sp'1573. Anything over that, and its white-flag time.
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VIX...bears need a close back in the 14s, which looks a difficult task for the next 3hrs
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1.27pm..well, its almost time to start waving the white flag of surrender.

Bulls break a new high on the Dow, and the sp' is only 3pts from the high.

The Transports and R2K are still well below their recent highs, and still below their opening levels, but this is starting to look pretty ugly.

For the big/serious money, they'll be getting the kick around these levels. 
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1.39...for the sp' bear players, a 'double top' or back test is all thats left to suggest.

Dow breaks new high...but Trans/R2K still well below their highs.