There is simply ZERO sell-side volume, and the bots are able to 'work their magic'.
dow'60min
VIX'60min
Summary
I have to say, its pathetically laughable how the bears still can't break the indexes below the lower wedge line.
Clearly, the meltup can't last forever, yet a weak pullback to dow 13k looks the best the bears can get.
Mr VIX saw almost a 10% rise early this morning, but as I keep saying, 10% of not very much is..not very much. Until VIX is back over 18 or so...any rise in the VIX is to be dismissed as mere noise.
More after the close*
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*really, there just isn't much to say intra-day at the moment, so updates are going to be somewhat sporadic.