11am update - testing the 1926 low

Equities see renewed weakness, with the sp'500 currently back to the low from last Thursday... it will not likely hold. Metals are back to flat, whilst Oil is significantly lower, -1.7% in the $87s...headed for $80.


sp'60min

Summary

..since we have some more downside....I'm back an hour earlier... the bed sure is tempting though.
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VIX is confirming the ongoing weakness, +3% in the upper 17s.

We look headed for the lower weekly bollinger - a particularly favoured target of mine in any multi-week down cycle... that is currently at 1912.
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Notable weakness... Ford (F). Having failed to hold the Feb low

Next support... $12.... very ugly outlook


11.04am... Last Thursdays low...taken out across at least two indexes.. R2K, SP.

10/15pts more to go...minimum.