11am update - morning swings

US equities are seeing some notable swings, from an opening low of sp'2101 to 2112, and are now starting to slide again. First soft target is the double floor of 2099... if that fails (which seems likely).. the door will be wide open to the low 2080s. Metals and Oil remain significantly weak.. despite a broadly weak USD.


sp'60min

VIX'60min

Summary

re: VIX..  opening black-fail candle.. but we're seeing a sharp spike floor bullish candle in the 10am hour.

A move into the 15s would clarify the low sp'2080s are due... which should equate to VIX 16s.
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*to be clear though, I do expect yet another 'last minute Greek can-kick deal'.. although right now, that does not seem likely until very late Friday or sometime over the weekend.

A move from the sp'2080s to 2160/80 zone remains very probable.. considering recent price action.. which simply is not particularly bearish.
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notable weakness, energy stocks, CHK -3.5%,   RIG/SDRL, both lower by around -1.5%


11.06am.. Market snap underway....   VIX 15s due..  and sub sp'2099.....


11.28am.. chop chop.. sp -9pts... 2104....  close to the border.... eyes on the VIX !