3pm update - falling into the close?

All the main indexes have now broken their up trends (hourly cycle), and there is no reason why we won't see general weakness into the close. A break <sp'1410/09 would be..useful, and could begin a snap lower to test 1400 by early tomorrow.


sp'60min

vix'60min

Summary

Its looking good for 1390s, and on a bigger time frame...much lower levels are very viable if Mr Market gets spooked this week.

HUGE downside potential....

Minimal..to zero upside, and today's spike - seen best on the daily charts, probably marks a cycle top.
-

I remain short, trying to be patient.
-

UPDATE 3.20pm, SP' breaks into the 1408s...this is good!