08 May 2012

SP 500 and NDX Futures Daily Charts - VIX



With earnings season almost over, jitters about Europe bit more deeply.

Key SP futures support is at 1345 with 1350 providing a potential rallying point. Below that is 1330, 1315, and 1300.

While VIX remains elevated it did not expand dramatically today which is a bit of a divergence for the short term, and helped to prompt the short covering rally into the close.