2pm update - seeking the 1870s

Equity bulls should be somewhat desperate to attain a daily close in the sp'1870s, that would at least help to stall the recent weakness. Oil remains weak, -1.8%, whilst metals are strong, Gold +$19, Silver +2.1%.


sp'60min

VIX, daily3

Summary

Most notable right now, despite some of the indexes still red..the VIX is red.

Indeed, VIX is NOT supportive of those who are seeking much lower levels in the immediate term. I realise many are looking to the Crimea vote this weekend, but really, I don't expect any giant Monday gap lower.
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I remain counting the days until the next FOMC. Only then, - perhaps in the 1895/1905 zone, would a major re-short seem 'reasonable'.

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Special note...
   Daily..VIX, bollinger bands...they are getting super tight again, and that IS why I am bearish the market next week.. AFTER the FOMC.

The only issue is whether the VIX can re-take the 20s before end month..or not until mid April.