The main indexes are increasingly weak - despite the twitter hysteria that continues this afternoon. The sp' looks set to take out the recent 1753 low, and that will open the door to the sp' 1735/30 zone...which is viable tomorrow. Metals and Oil are both weak, with the VIX now +7%.
Certainly, things will be interesting if we can drop to the 1730s early tomorrow..before the buyers likely flood right back in. Keep in mind, tomorrow is HEAVY QE-pomo..so any initial gap lower will likely be full reversed by the close.
*the weekly charts are provisionally warning of trouble..but nothing major yet
A blue candle...but even 1730s will probably not turn it red. I can't take any declines seriously..unless <1700.
2.04pm..and there goes the recent 1753 low...so ..lets see the bears whack the market into the close..and gap lower tomorrow.
I suppose a challenge of the 50 day MA is viable..but that will be 1710 early next week.
2.37pm ..this is getting a little fast and dirty... sp'1749...and headed for the 1730s early tomorrow. I'd have to guess the market will now sell lower, regardless of the monthly jobs number.
2.46pm.. Trans/R2K continue to lead the way lower... R2K should hold around 1065/60 tomorrow, that'd equate to sp'1730s.