12pm update - clawing higher

US equities are clawing higher (if slowly).. a daily close in the sp'1920/25 zone now seems likely, which should equate to VIX 15s. Regardless of the exact close, it will have been a second week in favour of the bears.


sp'60min

R2K, daily

Summary

*something to watch for...the R2K...a break into the 1130s should be enough to clarify that a test of the 1170 area is due. Right now..considering the broader monthly charts.. new highs do not look viable.

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VIX update from Mr T.

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Notable reversal in the airlines, DAL.. back to flat, from -2.5%

time for....tea..or something