3pm update - closing hour drop?

Well, with one hour left, bears are holding tightly onto most of the declines. We have a clear micro-bear flag on the hourly chart, and that 'should' in theory break lower this closing hour, or early tomorrow.

VIX remains moderately higher, no sign of any major market 'concern' yet.


sp'60min

sp'daily5

Summary

An interesting day so far, lots to consider, but I'll deal with that later.

A close under 1440 would be a bonus. Bears should at least be content that 1450 was broken, and we're some ways below that.

back after the close