12pm update - still holding under sp'1660

The main indexes are still holding moderate gains, with the sp' sitting on the edge of what might be the top of a RS. Bears really need to keep any hourly candle closes <1660. Meanwhile, VIX is occasionally a bit higher, and is warning of possible trouble later in the day/early Friday.


sp'15min

vix'60min

Summary

Its turning out to be something of a slow motion battle at what is arguably pretty key resistance of 1655/60.

I think the VIX is the tell, but hey, I'd say that, right? Long afternoon ahead...
--

*I am heavy short, and seeking an exit <1640.


More nonsense going on in FNMA, after yesterdays bizarre waveform price action...

VIX update coming...



12.02pm.. well, there go the sp'1660 short stops. Hmm