1pm update - VIX holding up

Despite an equity bounce from sp'2072 to 2086, the VIX is holding up rather noticeably, +10% @ 15.10s. The 16s will be quickly hit on any break <2072. USD is back to flat... which is somewhat bizarre, considering the ongoing Greek situation.. mid term target remains DXY 92/90.. before a hyper ramp.


VIX'60min

UUP, daily2

Summary

re: the USD. Remains on track.... from a pure chart perspective..its suggestive of continued weakness into end month/early July.
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Little to add on equities.

Bears can't really get excited until we're sustainably trading in the sp'2040s.. and even then... the giant 2K threshold will be offering mighty strong support.
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notable weakness: TWTR -2.7% in the $34s.... no profits.... and not even the momo chasers seem interested.