2pm update - battling into the late afternoon

US indexes are still lower on the day, but the equity bears are losing control. There is now opportunity for a daily close in the sp'1845/50 zone, along with VIX in the 15s. Metals are holding gains, with Gold +$25. Notable (surprising) weakness, Nat' Gas -1.7%.


sp'daily5

vix'daily3

Summary

I realise many will be touting major declines across the rest of this week, but price action still doesn't support the bears.

We're just not seeing the consistent..and significant downside.
--

Notable weakness, TWTR, UAL, both -3%

*it has been a pretty busy day, so no opportunity to cover the weekly/monthy cycles...will look at those later in the evening. Suffice to say.the sp'1900s are STILL a viable upside target later this month - assuming the Ukraine doesn't start shooting down Russian jets.