Trans'60min
VIX'60min
Summary
Tranny putting in a spiky candle this lunch hour.
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VIX is still holding together, despite the sp' trying to break back into the 1430s. Dollar is roughly flat, no drama in currency land today.
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3 hours to go, that is plenty of time to see some latter day weakness.
Lets be clear though, if we do close in the 1430s, I won't be pleased.
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UAL looking like its reached the cloud ceiling...black candle warning of trouble.
Need confirmation below 22.50s
A much more reliable stock though...HPQ, ready to break back into a new downtrend.
Target remains the big $10.00
UPDATE 1.30pm, tranny rolling over...(again).
As noted, bears really need a break <5160 for confidence of lower levels. There is just about enough time for even the dow/sp' to close flat, but it won't be easy.
If the bears are going to take control of this week...now would be the time.