10am update - morning weakness

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.