12pm update - a bonus push lower?

The bulls are unable to build any momentum, and the bears are making a play to push into the mid sp'1630s - where there are multiple aspects of support. Metals/Oil only a touch lower, whilst VIX now up 10%, in the 16.40s


sp'60min'4

Summary

Its getting kinda interesting..and there is now no reason not to expect at least another hour of downside.
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*I will consider going long in the 1636/33 zone, especially if the market can stabilise after the FOMC minutes at 2pm.


VIX update from Mr P.



time for lunch!