12pm update - chop chop

Equity price remains somewhat choppy, but underlying price pressure is still leaning to the upside. It is arguably merely the case of whether a daily close above the 50dma (sp'1945) tomorrow.. or early next week. Broadly.. equity bears look out of the picture until the week of March 14th.


sp'60min

VIX'60min

Summary

Little to add.

Price action is increasingly subdued.. with the market consolidating yesterday's recovery gains.

What should be clear... we're headed >1950.

--
VIX update from Mr T.



--
time for lunch