10am update - upside into the FOMC

As expected, US equities start the week on a positive note. Equity bulls look set for the sp'1865/75 zone by Wednesday afternoon. Metals are somewhat weak, Gold -$6. VIX is getting crushed, after a conflict-free weekend in the Crimea.


sp'60min

vix'60min

Summary

*awaiting econ-data: indust' prod..housing

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I realise for those short over the weekend, this is turning out to be a lousy start to the week...you have my sympathies.

As it is..last weeks closing candle was significant for the bears, and this mornings open does NOT negate it.
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So...a bounce to 1865/75....and then sub'1800s by end of next week.

Yours truly..is ready and waiting to hit some buttons this Wednesday ;)