11am update - messy end to the week

The market has managed a small ramp to sp'1687, with the VIX -4%, back in the 16s. Either the bears contain this today..or bulls can laugh themselves into the weekend. A weekly close >sp'1693, and the weekly charts will flip back to outright bullish.


sp'60min

vix'60min

Summary

*VIX is just about holding the up channel, but really, its not looking so great right now for those in bear land.
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Its becoming tiresome again, with no jobs data, no QE, not much of anything.

Market is merely waiting for the next sporadic news headline to flash across the wires
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Right now, a close in even the sp'1670s looks difficult.