12pm update - still weak

Another Monday of weakness, and even though the declines are very minor, its still something  that might set the tone for the week ahead...and the end of Q3 no less.

VIX is all noise, can't take any moves seriously until back over 16/18, and ultimately the big 20.

Lets have a look at things..rainbow style...


sp'daily, rainbow

vix, daily, rainbow

Summary

Certainly, its nothing for the bears to get excited over yet.

First target is 1440, which seems viable tomorrow, a fail of that level will open up 1420.

*as it is, if we can close the week <1440, that would actually break one of the up trends, so that would be something to aim for.
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Time for lunch!

back at 2pm