2pm update - weakness..as expected

The weakness I was seeking is starting to show through also on the main Dow/Sp' indexes. A close <sp'1410 would be very useful for the bears. The VIX is slowly building upside momentum, first target is 17s, which is possible by the close.


sp'daily5

sp'60min

Summary

Its looking good for low 1390s by early Wednesday at the latest.

More soon.
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For sheer amusement...

see: Zerohedge, for comments on his highness, currently on twitter
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UPDATE 2.20pm, The VIX is due to snap higher, more likely on Wednesday than tomorrow

Obvious target is 19, the big 20 would be a major warning, if its broken through.