*closing hour action: a new intra low of sp'1872... with a close that doesn't offer any clear sign of a floor/turn.
Interesting day, but then it was a Fed day.
Despite a rather bland policy statement, market decided to once again sell lower.
For now, I don't see any realistic chance that the 1812 floor will fail. Cyclically, the setup does not favour the bears, as the daily/weekly cycles remain on the low side.
more later... on the VIX