1pm update - market primed to snap higher

All else being unchanged..the market is set to push higher this afternoon. Underlying pressure on the hourly cycle is set to go positive before the close. VIX looks set to turn red. Metals remain weak. Gold -$11. Oil is holding gains of 0.6%.


sp'60min

vix'60min

Summary

Equity bears should now be concerned, we already have a marginal break of the upward trend on the VIX hourly cycle.

If equities climb from here..VIX downside is to 14.00/13.50 by the Friday close.
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*keep in mind, Fed official Fisher is on the loose this hour..his comments could be taken by the mainstream as no-taper/bullish..and be the kick the market needs to break back into the sp'1800s.