2pm update - equities stuck... again

US equities are holding around the declining trend/resistance.. currently @ sp'2117, and it remains a very borderline situation for those bears seeking downside to a mere 2090/80. USD remains increasingly weak, -1.7% @ DXY 95.70s. Gold is holding moderate gains of $5, with Silver +0.6%.


sp'60min

VIX'60min

Summary

*VIX sure isn't reflecting any particular market concern.. considering the Greeks remain on the edge of a cliff.
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Little to add.

Like yesterday afternoon, it is simply a case of whether resistance holds...

A daily close >2120 would be white flag territory for the bears..
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stay tuned