1pm update - VIX still falling

Equities are still climbing, but it is one of the most unstable rallies I've seen in a long while. Meanwhile, VIX is cooling off, and is now approaching the top of the gap zone. Downside <17 is possible early Wednesday. Precious metals are again weak.


sp'60min

vix'60min

Summary

Not much to add, aside that I remain waiting to short this nonsense.
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VIX update from Mr T.




stay tuned


1.35pm.. a touch of weakness, but we're still generally higher.

As things are, I will NOT be shorting into the close, and will wait until Wednesday 10/11am.

Still looks like 1596/1605 will be hit, and thats a fair way from current levels.
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