3pm update - more nothing

Another near zero volume day on the NYSE - European exchanges are equally dead. Just what do the brokers do with all their time in office land?


sp'daily5

Summary

The daily cycle IS still losing momentum, but really, price remains in a 20pt range for the past 7 days.

The VIX is up around 8%, but 8% of not much..is still not much. Until we see VIX 21+...the bears can NOT claim any big picture downside in the main market.

So, nothing much to be expected in the last hour. Maybe we can close down a few points, and at least put in a spiky candle for the daily charts.