11am update - battling to break the down trend

US equities sure are shaky this morning, with opening gains failing, but holding the Monday low of sp'1874. A renewed push higher is underway, with the hourly 10MA @ 1895, as key resistance. VIX continues to cool, -7% in the 22s.


sp'60min

VIX'60min

Summary

Suffice to say, we're close to confirming a floor.

Just need a few trading hours above the hourly 10MA, which would be a clear break of the down trend.
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Notable strength in the R2K, +1.6%

Airlines are strong, DAL/UAL, both higher by around 5%


11.38am Market breaking the down trend... with. VIX -10%, 21s

11.42am.. Down trend BROKEN.

We have a floor of sp'1874... and we're now day'1 of a 2-3 week bounce.