Monday 25 February 2013

11am update - intra day reversal, hmmm

So..with the italian market collapsing 4% in mere minutes - at the thought of Berlusconi returning, the US markets are following. What is clear, bears can't be even moderately pleased until we see a daily close <1497.


sp'60min



VIX'60min


Summary

In addition to the equity reversal, we're seeing some good confirmation in the VIX.
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