2pm update - indexes surprisingly still red

Yeah, the indexes are still.red. I guess this is one way to end the month. Certainly, its better than expected from someone with a bearish perspective. VIX momentum is turning back upward on the daily cycle, will look at that after the close.


Sp'60min

Must see a close under the 10MA, right now 1394 would be useful to see, you can see a clear baby bear flag on the hourly chart. Yet the MACD (blue bar histogram) cycle is pretty low, and its due to cycle back up. A back-test against the 10MA around 1400 would still be normal this hour..before perhaps a last  hour mini sell-off.

A close in the 1380s would be real 'little' victory for the bears.