11am update - still... set to rally

The market remains moderately weak..for the fifth consecutive day. Metals are still sliding, with Gold -$23, Silver -2%. Underlying hourly cycles still highly suggestive of broad upside into the Friday close, and with heavy QE on Friday, bears should be pretty cautious.


sp'60min

vix'60min

Summary

*VIX is higher...8'th day in a row..which might be a historic record.
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So...I'm still guessing we'll see broader equity strength in the remainder of the week.

What is notable. bears are so far still unable to show any consistent significant downside power, which has been the entire problem for much of the last two years.
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11.28am.. watch the VIX. If VIX goes red..it'll break the upward trend of the past 8 days..and market will snap higher.