12pm update - latter day recovery

US equities look set for a moderate (if somewhat typical) latter day recovery. Even the R2K/Nasdaq could close with net daily gains. Metals are holding sig' gains, Gold +$11, with Silver +1.4%. VIX looks set to close negative, in the 11s.


R2K, 60min

Summary

VIX remains a key signal, and despite the early equity weakness, the VIX could barely hold a gain of 1%.
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R2K certainly fell further than I thought it might, and has achieved a gap fill. Another wave higher into the 1140/50s looks pretty easy to achieve, whether before opex..or after...it does not really matter.
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VIX update from Mr T.



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time for lunch