12pm update - falling into the weekend

The main indexes are weak, and with no one wanting to go long ahead of the weekend, the market looks set to fall into the close. The only issue is whether the 1620s are broken before the close. VIX is battling higher...the 18s look very viable this afternoon.


sp'daily5

vix'daily3

Summary

Things are looking on schedule for the bears.

Broad downside into the 1570/60s next week.
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VIX update.. from Mr P



time for lunch