10am update - mixed open

The main indexes broke new highs at the open, but we're seeing a moderate opening fail. Precious metals/miners remain significantly higher, with some rather bullish trend breaks to the upside. VIX is battling a little higher,


sp'60min

Summary

For the bulls, market needs to close today at least in the 1690s.

Bears should be seeking a break under the July'15 low of 1671.
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Maybe a little shakeout today/tomorrow - wave sub'4 ?

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Bears need to be aware of sig' QE tomorrow..and Thursday.


Gold...weekly chart..

 a clear break out of the down channel...and now to the upside. Silver is NOT yet out of the channel.