11am update - time to cement a floor

US equities remain moderately weak, but there is high opportunity for the market to rebound from here.. and turn positive in the late afternoon. VIX is not particularly supportive of the equity weakness.. and has already slipped into the 11s.


sp'60min

VIX'60min

Summary

Quite a few things going on...

Suffice to say... a very real chance of green indexes at the close...and even more likely... red VIX.
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Notable strength: UAL +6.6%

AMZN still struggling, -11% in the $318s


11.03am.. so much for a floor.. new lows... with VIX jumping back.. +4%.

Dow 16927.... hmm....


11.09am.. Just consider this...  we're just 0.6% below the all time historic high..which was yesterday... with a VIX that remains sub-teens.


11.23am... still sliding....mini market wash out to end the week.  VIX +6%.. but still only in the 12s.

11.30am.. possible spike floor candle on the 15min cycle,  but still.....nothing definitive yet.

Frustrating day...I'm still calling it a tease though.


11.38am... spike floors appearing on the hourly charts....finally..we might have a floor.