12pm update - latter day rollover due

Most US indexes are holding borderline sig' gains, with sp +17pts @ 2127. A latter day rollover remains very probable, first downside target is rising trend (as of end Tuesday, will be 2115). In favour of the equity bulls, two new historic highs in the R2K and the Nasdaq comp'


sp'60min

GLD, daily

Summary

*metals remain notably weak. Arguably, Gold is losing some degree of 'fear bid' as market believes a Greek deal is likely.
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So... a Monday in strong favour of the bulls, but I don't believe the gains will hold into the daily close.

We have a VIX that is trying to put in a spike floor of 12.43... with sp'2129.
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Interesting chatter from Martenson and Rogers



I certainly agree with Mr Rogers on Gold. Still not quite at the 50% retrace ($1089)... nor have enough capitulated yet.

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VIX update from Mr T.



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time for tea... or something
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12.29pm.. An interesting VIX right now... back in the 13s... with a rather clear spike...

Short term peak of sp'2129....    now its a case of waiting for some 'spooky news' to appear..