3pm update - awaiting Alcoa

Q4 earnings begin at the close with AA. In particular, future guidance will probably be especially important to the market  The indexes continue to struggle, and currently look set to close lower for a second consecutive day. The VIX appears floored, and near term upside would be 16.


sp'15min

vix'15min

Summary

VIX looks especially floored right now on the smaller 15/60min cycles.

*consumer credit data @ 3pm, its possible we could get a last spike on the upside from that.
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UPDATE 3.15pm..standing for a re-short around 1457/59....

*watching Dent on CNBC...omg, I thought I was the doomster !

UPDATE 3.33pm ..short...from sp'1457.

first target is the low 1440s

I think we just have another baby bear flag, much like yesterday.