2pm update - bears need to push!

Mr Market is holding to moderate declines of 0.4% or so. After the Tuesday rebound, bears are understandably paranoid Friday might be a ramp day. However, both dollar and VIX are maintaining much of their earlier gains.


sp'daily5

vix'daily3

Summary

The earlier bounce has really rattled a fair few out there. I'm seeing a lot of moody posters out there, all disgusted at the move from 1499 to 1405..

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Bears need to close <1500, with VIX in the mid 14s.

Even more important though, bears need follow through tomorrow- which of course was the big failure on Tuesday. 
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Metals remain back around the earlier lows after that nasty morning ramp.

SLV, weekly2

I remain seeking 29/28s..before a major ramp into the late spring to 38/40

back at 3pm