1pm update - afternoon weakness?

The sp'500 remains stuck in the low 1680s, with the hourly cycle chart offering moderate weakness into the late afternoon. Bears should be seeking a daily close <1677, with VIX back in the 15s. Metals and Oil remain weak.


sp'60min

vix'60min

Summary

Well, 3 hours to go, can the bears at least manage VIX 15s, and sp' under the hourly 10MA..which late day will be 1677?

Certainly, the bulls have had a good bounce from 1627, across the last 9 trading days.

As I will keep noting though, any move into the 1690s..and arguably..bears can drop any realistic hope of short/mid term downside.


1.35pm..another micro-ramp..to 1682..but the earlier high is holding..so far.

Bond yields, 10yr, 2.95. Would a daily close in the 3s be enough to upset this rally? Is that what bears should be praying for ?