The big question the bulls need to ask themselves, considering the increasingly bad mood out there, 'who wants to hold across the weekend?'
Sp'15min
Sp'60min
Most important of all today, bears need to see another failure to break/hold above the 10MA (currently 1382) on the hourly. A move into the 1370s would likely confirm that, and get us back into the 1360s before the close.
So, everything looks bearish...but as noted earlier, we really need to see the VIX higher, preferably 19/20. Right now, that looks a difficult target to hit, but its Friday. If the rats all decide to bail ahead of the weekend, VIX 20 is still possible.
Time to cook....more later!