Mr Market has managed to hit sp'1570, which after yesterdays sour afternoon, is quite an achievement. Bears need to push lower into the close, preferably under the hourly 10MA - which by the close will be in the low 1560s. VIX is holding in the low 14s. Oil still weak.
I think the above summarises where we probably are.
Bears MUST hold <1580, and frankly, I'll be pretty disappointed if we don't close back in the 1550s.
UPDATE 1.28pm ...here is VIX, hourly..with a count
Sp'1540s..probably would still be a lower high on the VIX, maybe 16s, before slipping back again into OPEX.
1.44pm...rolling over? We'll soon see!