12pm update - afternoon melt

The main indexes have already significantly recovered from the morning downside. The hourly charts continue to offer a challenge of the sp'1698/1700 area...which is even viable by late today. With the bears still powerless...VIX is back to red.


sp'60min

VIX'60min

Summary

There really isn't much to say, its just the same minor moves.

1675 doesn't look likely to break until next week, and neither do the bulls look able to break 1700.
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VIX update from Mr T.



Kinda interesting