1pm update - same old problems

Bears are struggling to keep the indexes even moderately lower, and the Nasdaq is already fractionally higher. VIX has lost the earlier gains, and is back in the 12s. Metals are weak, but most notable..Oil is getting whacked..now -1.2%.


sp'60min

USO, daily

Summary

Oil is back to the lows of June..when sp' was 1560.

What a thought!
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Best guess..late day weakness, but as a few people have suggested lately, rather than price declines, the market could just trade sideways for a few days..before the next up wave.

For the bears out there..this is indeed relentlessly frustrating.