1pm update - bears need to push lower from here

Main indexes are holding gains, but we're well off the highs, from sp'1674 to 1666/64. VIX is close to going green, and there is considerable room for a spike into the 16s tomorrow. Oil is higher, but looks maxed out..especially on the daily charts.


sp'60min

Summary

Certainly, its starting to shape up for an afternoon battle.

Bulls took the morning, stopped out most of the bears who held across the weekend, but now the bears are able to fight back.

Hourly MACD (blue bar histogram) cycle set to rollover across the entire afternoon, and into early Wednesday.

Could be a rather exciting closing hour.
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*I am heavy short the indexes from sp'1672, seeking an exit @ 1630/25, as early as tomorrow.


UPDATE 1.32pm... sp'1661s...looks like bears are going to take over...a red close would be a massive victory for the bears, but right now would be a 'bonus'...its not a target.

VIX back to evens on the day.