11am update - Bears getting their C wave

The weakness seen in the Trans/R2K yesterday has spread to the wider market, and it would seem the bears are going to get their C wave after all. Prime downside is the 1775/70 zone. Metals and Oil are also somewhat weak. VIX is making a push for the 15s, late today/early Thursday.


sp'60min

VIX'60min

Summary

Okay bears...especially to all those I know who have had a damn rough few days...

You're getting your wave lower...I just pray to the gods that you are mindful that this is probably just a C wave lower..and not the apocalypse wave that some are still touting!

Best guess...a brief drop to the 1775/70 zone..before renewed strength in the remainder of the month.
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Notable weakness in RIG, having broken under the 50/200 MAs
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11.13am.. the momo stocks are catching a bid again.. NFLX, AAPL, AMZN..and the TWTR..all with gains.

Considering the earlier break though, main market should remain weak into early Thursday.

Friday'13th...bears should be out by then..yes?  


11.28am.. A break under the hourly 200MA of 1785..should open up another 10/15pts lower by early Thursday.

I have to say..I think the bears are getting a pre-Santa gift here.