2pm update - Bulls making a play to ramp

Equities are trying to confirm an initial floor of sp'1772. The VIX is forming a possible spiky-top, and we have a very interesting two hours ahead of us. Metals remain very weak, with the June lows set to be taken out within the next month or two.


sp'60min

vix'60min

Summary

Things look broadly on track.

Hourly cycles are arguably complete, with a C wave floor of sp'1772 - the lower end of my 3pt range.

I realise many of you out there are seeking much lower levels, but I can only suggest you go stare at any monthly index chart for the next hour.
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2.13pm.. VIX set to flip red.  Equity bears in real trouble now!


2.30pm.. VIX marginally red.. and sp'1781... bulls need to clear the hourly 10MA..of 1781...looks likely

Regardless of the tick by tick noise...we have a floor at 1772.