1pm update - afternoon weakness

The market has put in an intra-day double top at sp'1661. An afternoon break back into the 1640s should be enough to confirm today as a key reversal. VIX looks floored in the low 15s, equity bears should seek a Friday close at least in the low 16s.


sp'60min

Summary

*the sp'1668/70 zone now looks out of range.
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A long afternoon ahead....lets see if Mr Market will see some weakness into the weekend.

All things considered, I'm very content with my market re-short at sp'1659...and will hold across the weekend.

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