12pm update - pulling slowly away

US equity indexes are slowly recovering from the early quad-opex washout of sp'1962. Renewed upside looks due... and 2020 looks set to be broken above at some point next week. VIX has a short term peak of 23.80, with a weekly close in the 21/20 due.


sp'60min

VIX'60min

Summary

Little to add.

Those bears getting overly excited at the opening declines should be at least somewhat concerned now, that this was just a post-FOMC washout.. before another attempt to test the 50dma across all indexes.

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VIX update from Mr T.


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time for tea.


12.26pm... sp -24pts @ 1965.... coming a little close to the early floor.

VIX +7% .. 22.60s...   Hmmm