3pm update - it certainly isn't dull

US equities are making a play to turn positive, sp -2pts @ 1986, having clawed from a low of 1969. USD remains notably weak, -1.1% in the DXY 96.00s. Metals are holding sig' gains, Gold +$18, with Silver +1.9%. Oil remains broadly weak, -1.3% in the $37s.


sp'60min

VIX'60min

Summary

For the wave counters out there, it could be argued this afternoon's bounce from 1969 is a sub'2/B bounce.. with renewed downside into the close and early Friday.

Broadly, I still expect another push higher into the FOMC, but we now have two very notable highs of sp'2009 and 2005.

A failure to break and hold above the 200dma next week would surely seal the bulls fate for the spring and into the summer.
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notable weakness... TWTR, daily

Ugly ugly ugly      ... and from how I've experienced Twitter, 90/95% of new users are SPAM-bots. Twitter is turning into one giant spam machine that is increasingly annoying what few real people actually use it.

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3.21pm... update from Riley

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sp -2pts... hmmm


3.30pm.. +2pts... with the VIX turning negative.  

VIX just never showed any sig' upside power today.. which really was unusual, considering the size of the reversal.