12pm update - an interesting afternoon ahead

US indexes have seen morning gains in each of the past 7 trading days..yet each have faded to some degree. The rest of today will be particularly interesting, not least due to end month/quarter issues. Bulls need >1875 (although not necessarily today), whilst bears need <1852.


sp'daily5

vix'60min

Summary

*yes, we saw another opening reversal candle for the VIX this morning.
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Four hours left of the month..and quarter. With the hourly equity/VIX cycles looking prone to a turn...the bulls face pressure all the way into the close.
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VIX update from Mr T



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time for lunch


12.20pm.. VIX fails to hold the opening low...now @ 13.80. For the bull maniacs out there, this is a major positive sign.