12pm update - late morning bear tease?

Equities see renewed weakness in late morning (for whatever reason/excuse), and we're on the border of losing the 1790s. Despite the declines, equity bears face the relentless QE..and it will be fascinating to see how the market proceeds across the rest of today.


sp'60min

vix'60min

Summary

VIX might be maxed out..its on what is soft trend-resistance. Certainly, the opening black-fail candle..was itself..a fail.

Frankly, with heavy QE, I'd still be looking for a latter day recovery. 

I see others with downside targets of 1760s..even the 1600s..the latter of which just look stupid right now.

Lets be clear, we're -0.5% right now....barely rates as 'moderate', and that is probably the best the bears can manage today.
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VIX update from Mr T



*again, we are indeed seeing traders picking up Feb, March, and April VIX calls. Certainly..NOT near term..no point.

time to cook !