3pm update - tired market

We're probably seeing a late afternoon short-stop run by the algo-bots to sp'1582, but we're still due for weakness in this closing hour. Near term target remains sp'1560/55, with VIX in the low 15s. The big question is how will the market react this Friday to the Q1 GDP data.


sp'60min

Summary

Today has turned a little tedious, but perhaps we can see some weakness in this closing hour.

Regardless, I hold heavy short into Thursday.
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GDX is seeing a bounce, but mid/long term trend remains dire.

Metals themselves are higher, but with the key multi-year support broken, further downside seems likely into the summer.
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UPDATE 3.21pm bears should be seeking a close under the hourly 10MA @ 1579. Anything under that, would be a bonus.

VIX wants to close green..at least a little...

VIX in the 15s seems viable early tomorrow, on any index gap lower.

3.37pm... sp'1579s...and VIX is creeping higher...looking okay..especially for Friday.