It was somewhat amusing to see them briefly flash the markets green, only to then knock it lower. Bulls had a chance to exit at 1355...there can be no excuses today!
sp'60min
Bears should look for a break below the baby bear flag (pink), sp'1347/45 would confirm it, and that opens up 1340 later today.
vix'60min
Summary
VIX is higher, but its still arguably minor 'noise'. Bears will want to see at least +7%, preferably 10% to close today.
We have Alcoa (AA) earnings at the close, I can't imagine them posting anything good.