Sp'60min
Bulls FAILED to get a close over the important 10MA. It could still easily be a large 2 day bull flag - as part of the B' wave...and we 'should' then get a 2 day C' wave UP..to 1395/1405 concluding no later than early Thursday.
VIX'60min
Bears gained another small victory via the VIX closing about the 10MA. We're only 1.3pts below the recent 21.00 peak. Even a small gap lower in the indexes could knock the VIX above 21..and on its way to 24.
Overall, the day was a victory to the bears, even though the Dow, Trans, and Rus'2000 closed up.
More later.. where I'll be looking at the daily cycles