1pm update - moderately weak Monday

Both the Rus'2000 small cap, and the Transports have been weak for days (and months on the larger cycle), it seems the main indexes are starting to play catch up - or rather 'catch-down'.

VIX is acting weird still, completely weak..showing no sign of closing net green.


sp'daily5b

Summary

It would be really good if the H/S formation plays out, but...thats a mere hope. First things first, lets see if we can break into the 1360s later this week.

Interestingly, this is now day'3 down, on the MACD (blue bar histogram) cycle. At the current rate of decline, we're due to go negative cycle in 3 or 4 days.

So, look for bigger declines, probably this Thursday.