1pm update - stuck at 1770

The market is holding gains of around 1%, but is clearly stuck at the old broken floor of sp'1770. VIX is not yet showing any sign of levelling out, -12% in the mid 17s. Metals are a touch weak, Gold -$1, whilst Oil is following the broader market, +0.8%


sp'60min

vix'60min

Summary

So..indexes look stuck..but the VIX is not yet confirming 1770 as the intraday max.
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Arguably, equity bears needs to break back the hourly 10MA by end of day, which will be around 1765.
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Meanwhile, no one seems to want to buy the TWTR, despite the 'bargain' price of $51,,having briefly spiked to $71 yesterday. I'm not sure on what the current PE is, but it must be close to 5000.


1.21pm.. very early signs of a rollover...sp1768....  VIX trying to floor...  NOTHING significant yet..but its happening near the key 1770 level

Equity bears could do with a close <1760, with VIX back in the 18s, although of course, none of it counts for much..since we'll either gap up or down..rather significantly at the Friday open.

UGAZ having more problems today, -9%, weekly nat' gas charts would suggest another -20% lower for UGAZ is likely.