12pm update - Reversal day?

The morning has seen some pretty strong swings, and with the Bernanke concluding, the market is back on another micro upswing. The obvious question is will this be a reversal day, as a fair few have been seeking? What is important..is how we close, bears need <1670.


sp'60min

Summary

Metals remain massively below their earlier highs, and both actually went red. Despite the main indexes rallying back, Oil is still -1%

SLV, 15min

Pretty wild in the metals, even going red before 11am

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*I am short IWM, the latest little micro-bounce..is annoying..but nothing too bad yet


VIX update from Mr T.



back soon


12.28pm... hourly index charts look pretty good for a late day rollover.

Best case downside close for the bears.. sp'1665/60.   1650s look out of range today.
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