1pm update - minor bounces... along the way

With sig' QE tomorrow and Wednesday, the equity bears face the usual threat, but the bigger force are the daily/weekly cycles..all pushing lower. Downside target zone remains sp'1710/1690..as early as this Friday. VIX is holding the 19s..comfortably above last weeks double top.


sp'60min

Summary

*busy start to the week....I'm glad I slept for 50 hours this weekend ;)
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Suffice to say..any bounces are easily to be shorted.
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For those interested in the bigger picture...

Dow'monthly

Borderline provisional break. Downside target would be 14000/13500..but that is likely 2-3 months out.
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1.11pm... sp'1750...  60pts downside to go...that is around 3.25%.

1.21pm.. welcome to the 1740s....

anyone still doubt 1710/1690 now ?    VIX +10% in the mid 20.30s.

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1.33pm.... there can be NO excuses for surprise.

The break of 1770....there is no real support until 1710/1690 zone. 

10yr t-bond.. <2.60% .    2.50/40s..with sp'1705/00 Friday?