1pm update - afternoon weakness

The market is trundling in the mid sp'1750s. Downside to the gap zone in the low 1730s looks pretty likely. and that should be enough to flush out the weaker bull hands. Metals and Oil both remain especially weak, pressured by the stronger USD.


sp'60min

Summary

Mr Market continues to generally track as expected. Should see increased weakness this afternoon, with a break into the 1740s.

I see other people posting about sub'1700s within the near term, but I just find that unlikely.
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VIX update from Mr T.



VIX volume remains very low, and even the 15/16s look as high as we'll go, if sp'1730s.