3pm update - last hour of the month

It has been a real choppy mess, with equities teasing the bears, but still, the underlying pressure now looks to favour the bulls. VIX appears unable to break back into the 17s. Commodities remain weak, Gold -$9, Silver -3.0%, with Oil -3.3%.


sp'60min

Summary

*despite being moderately bullish about the immediate term, I am not going long..am tired... ending Q3 on the sidelines. Hell, at least I'm not holding short overnight.
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We have end month/index rebalancing issues... probably chop into the close, but with some slight upside.

On any basis, bears FAILED yesterday...and today.