sp'60min
VIX'60min
Summary
So... opening declines, but a clear reversal underway.
The only issue is whether it will reverse some time after late morning.. I would guess.. yes, but for those day traders out there.. they'd surely already have bailed at the open.
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The 'natural' target remains the giant sp'2000 threshold, where the 50dma is lurking.
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Notable strength: Nat 'gas +2.4%
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sp' -3pts... 2031.... VIX 6% in the 18s.... a real fail for the bears.. worse than Tuesday!
10.13am.. Opening reversal itself is failing.
Very dynamic price action. Bears need to push here.. break a new low.. along with VIX 21s.
Precious metals starting to follow Oil... Gold -$8... miners... following, GDX -1.2%
10.18am.. complete failure of the reversal... new lows... VIX turning positive.