3pm update - closing hour weakness (again?)

Here we go again, is it a case of seeing another micro-rally fade into nothing in the closing hour? We're about to find out. The rising $ is pressing down on the dollar denominated markets, the VIX is holding together..just, so lets see if we can see the day-trading bull rats jump ship.


sp'60min

vix'60min

Summary

special note...
The action of the past few days is much more suggestive that we're just not going to be able to take out the sp'1343 low in this down cycle.

More on this important issue after the close.
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As things are, bears should be seeking at least a flat close, with VIX trying to make a break for the 17s.

UPDATE 3.20pm ...weakness..as expected.