sp'60min
VIX'60min
Summary
*VIX is indeed a real mess. The price prints have been 'weird' since last Friday. Is this going to be a new 'feature' from the CBOE? urghh
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So.. we're lower, but there is going to be persistant threat of a reversal.. and renewed upside from here.
Opening hourly candle is now offering a spike floor....
The FOMC clock is ticking... Yellen is on her way... bears... beware! There can be NO excuses later this week.
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Notable gains, GDX +2.6%.. reacting to the initial gains in metals.
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10.01am.. Metals are cooling, Gold has slipped from +$24 in pre-market to +$12.... GDX is already close to turning red.
VIX +5% in the mid 21s....
For those watching a lot of individual stocks... a LOT of reversal candles right now..... inc. Ford.. bouncing from the $13.90s
10.18am... R2K... Dow... turning positive.
First target.. sp'1995... but that target is to be reduced each hour.
10.46am.. minor chop... and the reversal.. so far is holding.
Metals set to turn red... and take the miners with them... and it ain't even Fed day yet.