1pm update - back to flat

Once again its abundantly clear the bears are powerless..even to hold moderate index declines. Sp' could claw to 1708/10 by the close. Meanwhile, the VIX is merely melting lower, and the 11s look imminent.


sp'daily5

vix'5min

Summary

So, for the wave counters out there, how many days might this sub'5 last? I guess it depends on where you start, and I've seen some that don't even start from the 1676 low, but rather the FOMC low of 1685

Regardless, there is no point getting involved today...or probably Monday.
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VIX update..but no Mr T, its Mr R.



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