10am update - failed open for the bears

The equity bears have failed from the open, with equities turning positive, and a very clear black-fail candle on the VIX hourly cycle. However, sp'1978 does not make for a good floor, and renewed downside still seems a given.. whether later today or (FOMC) tomorrow.


sp'15min

VIX'60min

Summary

*VIX hourly candle turns red, and its not even 10am...
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No doubt some bears are starting to throw bricks at their screens.

....even to me.. this is damn annoying.
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Notable strength: DRYS +5%.... although that is after some recent weakness.


10.39am.. still holding (just) within the broader down trend... but still.. a messy open.. again.

VIX -1%.... I suppose it could be worse for those in bear land...