The closing hourly index charts...
IWM
Dow
Sp
Summary
What else is there to add? There really isn't much to note right now. Even if we somehow trundle lower to 1380/70, that is still a minor move, and doesn't even come close to taking out the important 1354 cycle low.
Until sp'1354 is broken, all the doom chatter out there can be dismissed as just 'hopeful nonsense'.
The obvious threat to any new bearish positions is none other than the Bernanke, due to appear at the hole next Friday.
A little more later.