11am update - expecting some degree of bounce

Well, the bulls have been whacked to begin the week, but there is high likelihood of a bounce into the early afteroon. That certainly doesn't mean we won't close in the red, but the easy bear-money has now been made. Oil is particularly suggestive of upside.


sp'15min

vix'15min

Summary

Most notable aspect of this morning is Copper <$3. That should send terror to the Gold bug community, and all those holding mining stocks.
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*i am holding a small index-long from sp'1564. Will seek an exit in the mid 1570s.


11.25am.. For those watching, the lower weekly bol' now up to 1495..so..best bear case is another 4% lower within a week or two. 

11.33am... market trying to put in a spike-floor @ 1560.

I have to think, good upside into the 1575/80 area late today/early Tuesday.

We have fallen 95pts in barely 3 days, without any real significant bounce!