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.
Metals remain massively below their earlier highs, and both actually went red. Despite the main indexes rallying back, Oil is still -1%
Pretty wild in the metals, even going red before 11am
*I am short IWM, the latest little micro-bounce..is annoying..but nothing too bad yet
VIX update from Mr T.
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.