US equities are moderately weak, but comfortably above the Monday low of sp'1828. Market is merely in a holding pattern ahead of the Yellen, who will very likely attempt to soothe the market with indirect talk that there won't be any more rate hikes for 'some time'.
*the precious metals are looking crazy overbought.. at RSI levels not seen since Oct'2012.
A cool down looks due, and that won't likely help the related gold/silver mining stocks. For GDX, a retrace to the 200dma looks viable, and that is $2 lower.. aka, 13% or so.
As for equities, the early morning low of 1834 looks secure, and makes for the first higher low from 1812.
The opening black-fail candle in the VIX is another likely tell that equities have to first bounce... before they can go down again.
I don't expect <1812 until mid March.
back at the close. maybe