1pm update - did we close yet?

Mr Market remains stuck, at sp'1320. Dow, and Transports slightly weaker though today. VIX still holding up okay, considering its a sleepy Friday - when 'they' would tend to erode it 3/5% lower.


Sp' daily, bearish count'3

Sp' weekly, scenarios

Summary

I quite like the Bearish daily chart listed above. If it is a bear flag on the daily cycle, then it should break lower next Tue/Wed' at the latest, with a move down to a 1280/60.

Considering the very bullish opening day and a half this week, the weekly chart does not look so bullish right now.

More later....