1pm update - still on the slide

The bears are fully in control, and look set for their primary target of 1600/1597. VIX fails to hold the double top, and the big question is now whether the 20s are viable in the current down cycle -  we're at day'10, and still counting.


sp'60min

vix'60min

Summary

Suffice to say, bears are seeing some significant falls again, and there is absolutely no sign of it ending.

No doubt, the talk will now switch to 'if Japan -15%, why not US too ?'
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1.28pm.. bulls attempting (again) another rebound. As noted earlier, bulls should be seeking the 1630s..but that is indeed a long ways up.