1pm update - awaiting first break

Mr Market trying to hold the 1380 level, its not looking like it'll hold much longer. VIX still only +3.7%, so the bears can't take any of this seriously..yet.

Bears should clearly be seeking a close <1380.


sp'60min, rainbow

Summary

Any break of 1380 would - in theory, open the door to a move to 1360. Yet, even if that was hit tomorrow, that could just make for a brief retracement before a launch higher.

Only with a close under 1325 can ANY declines be taken seriously.

FB getting some attention today.... -6% @ 21.76..... shame.