Thursday Trouble, Buy the Dip?

So, the market is a little lower, and now the 60min cycle is looking like its flooring for a few hours at least. VIX  had a 10% jump, but thats tailing off right now a bit.


SP' 60min cycle

It is now paramount that the bulls get this market back over 1400 quickly. A close of 1395 or lower, and there could be further problems tomorrow.

The 60min cycle does offer the opportunity now for a bounce, so lets see what the algo-bots decide. Will they be happy to buy above 1400, or keep selling into each of the micro-rallies?

yours...
  not yet on suicide watch.