2pm update - on track

The indexes are continuing to show the weakness the bears will need if we're to keep within the July/August 2011 style of decline.


sp'daily5

vix'daily

Summary

Its looking kinda fine, obviously, we're still awaiting for the VIX break >20.

back after the close...

*I will endeavour to update..whenever my lousy stinking connection is running.
 --

Dow, weekly1, rainbow

First sign of weakness on the weekly charts..a blue candle. I'll look for this to turn red by the Friday close.

First primary target is 12k..and for that to FAIL...with PRIMARY exit target @ 11500/300..by mid-January.