3pm Update - bear flags...broken below!

Good progress for the bears this afternoon. Everything is looking good for the bigger bearish outlook. The hourly, daily, weekly, and monthly cycles are now all showing signs of weakness. Whether we get down to 1150 sometime in the next few months...well, best leave that issue for later!

First..we need to hit that primary target of 1340, which right now seems likely sometime between next Monday-Wednesday.

*I have changed the (RED) count on the hourly chart. I think even if we go to 1340, the waves will be a bit longer...so...maybe the 'little 2 UP' will occur tomorrow. Its not too important, but I thought it worth highlighting. It makes sense when you consider the daily charts...but I'll cover that after the close.


Sp'60min

Vix'60min

Things to watch for in the closing hour:

-A close under sp'1373 -although anything under the 10MA (currently 1383) is acceptable.
-VIX >19.75

More after the close.