VIX is weak, it remains an utterly fearless market.
sp'daily5
vix'daily
Summary
With so little sellside volume, it seems near impossible to even get dow -50pts for more than a few minutes. It still looks reasonable to hit 1380 by Friday morning, but if thats the case, the smaller cycles will be so oversold, we'd surely get a very strong snap higher.
Rarely easy, and until we get to mid-September, it is indeed a bit of a mess.