12pm update - bears in trouble

The hourly cycle continues to warn of upside into the late afternoon. Any break under VIX 14.70 should confirm an equity upside wave..at least to sp'1805/10 by late Friday. Metals remain weak, but are recovering, Gold -$10, Silver back to flat.


sp'60min

vix'60min

Summary

Rest of the day should be interesting.

All things considered, this smells of cooked bear to me.
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*Fed official Fisher is on the loose this afternoon, no doubt the market might use his comments (anti-taper?), to ramp the market into the close.
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VIX update from Mr T.



time for tea :)