![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilUBE8PprKzrb9Dnm40iph4wt7lZuWwC1PLGE7162Klqv5qavOqxrSVWJATh4V32xmIvFvr2qy8fvH8IhWsb19akINtj-eeOAjlE0Qm7fzwr6w3S3drxMhijpf_NMpho_ciKx5wS_Ph0w/s400/Vix+Channel.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuv6sX-1On6YUBcP3OlDfUvqZyZNaUJHFwVWkn62DYesX4nTU7lkQu3xA7LrxbXUEfLZDIGnS_W5TGViIH__xYiip3Xhs67fZxy-6YrQybSBQAEoikXL6SgWFIRSzp6bszzqgIBNglFPg/s400/Intra+VIX.jpg)
Curiously, the combined drop in the Dow and Gold, indicate that the market is actually completely unchanged from the perspective of the Dow's weight in gold.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj23tMDX9xYJO1wb8oJ8CYBdH2F_jTR-RZ5ys8g9ALA5tQyzqHZstU47ndzAT9KdQBtMkSDWJOpAZvnBIzrOIugLOKs-G2ueatuLIb9ReNyIKH3QQ-UHyJh3SnZudmS64hdxIbeO6OSk_g/s400/DOW+GOLD+6.15.09.jpg)
Lastly, market makers will do everything they can do it seems today to prevent the SPY to drop below its June lows: the white line, which has proven a significant resistance level.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitK0m6UaI1r90D5KP-T8VE4eWDHYy1HcdVdQAppPv7glyKDwGLFSj4wY3DxXeilBR9Kxjnz9WmzCdYx4gEJn7PAuVLsbsWabJGGgvTpkDXfdXTUhnAgLD5pZAcdywSz97193XQ5Z3HHEk/s400/June+SPY+Lows.jpg)