1pm update - afternoon rally?

The smaller 15/60min cycles still look floored, and there seems little reason why the market make a run into the mid/upper 1630s by the close. VIX is similarly looking very toppy, Metals and Oil both very strong, whilst the USD is now dropping hard, -0.9%


sp'60min

vix'60min

Summary

I don't know why, but the dollar is getting whacked, and that is especially helping the metals/Oil to go higher.

VIX looks maxed, and we might be closing this hour with our first red candle.

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*I am long RIG, but will look to again pick up an index long..early Tuesday.
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VIX update...



stay tuned!