1pm update - weakness into Friday morning

The market looks set for further minor weakness into early Friday, with sp'1715/10. Miners are especially weak, GDX -2.9%, although the metals remain a touch higher. Oil is also on the slide..-1.1%. Broader trend remains to the upside though.


sp'60min

Summary

By late Friday, sp'1710 will be trend/channel support, and frankly any talk of sub 1700s should be dismissed as crazy talk in the immediate term.

Any bears still looking for much lower levels...go stare at the following chart for the next hour...

sp'weekly8

Which direction are we still 'broadly' heading in?

It ain't down..is it?