12pm update - awaiting another bouncy top

US equities are holding borderline significant gains, but are still below the first major old support - now resistance, in the sp'1840s. Barring a daily close >sp'1845...today..or tomorrow, equity bears should probably treat this as just the same nonsense seen last Tue/Wed.


sp'60min

Summary

So...it remains a case of...do you think the key low is in...or is this just another bounce? No doubt some will be touting the 1900s.  Indeed, if we don't hit the lower weekly bol', I'd be resigned to agreeing that new highs are still viable. Surely we'll hit 1800/1790 though?
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VIX update from Mr T

*the video open is a bizarre Condor on a Bull...talk about twisted intro...




In tomorrows VIX update..a bear riding a unicorn, whilst still spewing out rainbows.. urghh
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time for...tea :)



12.26pm...minor chop in the low 1830s..but clearly..no sign of a turn yet. This could drag out into tomorrow, but still...another wave lower looks a given.  VIX is holding up relatively well, just -3%.