1pm update - the reversal holds

So far, the third consecutive daily reversal is holding, although VIX remains slightly lower. Equity bears just need a net daily decline, with VIX 15s, to offer much lower levels into end month/early April. For now..it remains the case that few want to buy the sp'1870s.


vix'daily3

Summary

*VIX cooling down a little, but still.. a reversal.
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How we close..that is what is important.

There is a lot of talk about 'turn around Tuesday', and if we do get a red close, it'd give some of the more confident bull maniacs something to think about this evening.

Notable strength: STX +3%, UGAZ +6%
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1.30pm... another mini surge..back to sp'1867...and a daily close in the 1870s would nail the bears..with 2 QEs due.

Gods damn it, this is starting to get real annoying.