11am update - still not enough power

The bears are still embarrassingly weak. Six trading weeks....and still can't get a decline - even briefly. of 1%. VIX is 8% higher..but still in the 13s. Dollar is higher...but the metals are showing a little strength, Gold is already back to green.


sp'60min4 - retracement fib levels

VIX'60min

Summary

Even if we do break <1500, we'll get stuck around 1495, and then a multi-hour bounce to what...1505/10?

Its just no good for the bears when the declines are barely 1%..and then the POMO $ will kick in later today.
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From the bearish side of things, its still a waste of time.