3pm update - bounce complete?

US equities have continued to climb, with the sp' breaking above the recently broken floor of sp'1978. The VIX is lower by a rather significant -8% in the 14.30s. Metals remain weak, Gold -$6, with the miner ETF of GDX -1.8%


sp'15min

VIX'15min

Summary

No doubt this afternoons little wave into the sp'1980s has really rattled many of the bears, but still, it does not negate what happened yesterday.

--
*I am short, will hold across the weekend. With the weekly MACD cycles continuing to tick lower, next week looks promising for at least a move down to 1950/40.


3.26pm  sp'1983....   VIX 14.50s....

Interesting day huh?