Chicago PMI: 52.9 vs 53.1 expected -lowest since Sept'2009. Yeah, we're back to those 'green shoots of summer 2009'.
Consumer sentiment: 73.2 vs 74.1 exp
sp'60min - count'1
vix'60min
Summary
*VIX showing a hollow red candle on the hourly...could be hinting at a reversal, but still, thats one major drop. Would really need to see a few black candles on the indexes to confirm that.
ohh..here is one...
IWM'60min
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The H/S formation is clearly busted...now we're in twilight zone territory for the bears. A move over 1363 will ruin even the most conservative bearish outlook.
Arguably, even a close over 1340 today would seriously wreck things, and would be a really lousy way to close the month.
Bears desperately need a reversal, preferably to close under 1335. That looks a disturbingly long way down right now.