Point well made Andrew. I don't trade the US market but use it...

Point well made Andrew.

I don't trade the US market but use it as one of the indicators to trade our market, which this morning seems to agree with you.

However Fridays US market did have a different 'smell' about it. This may not be the turning point but perhaps the point before the turning point (sorry Winston).

PS While what you say makes excellent sense what do you make of the VIX holding so low. :-)