3pm update - stuck at 1800

The US markets are in extremely slow motion melt mode, with the sp'500 making a play for the big 1800 level. A failure here, will open up a move to the 1770s later this week - for whatever 'reason' the mainstream might attribute to it. VIX is confirming the underlying strength, -1% in the 15.10s.


sp'60min

Summary

Sleepy day...although a break..or fail..might at least wake up a few traders into the close.
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Everyone is merely waiting to see how Yellen manages tomorrow in from the of the US house commit'.

Notable strength still in.. GDX, TWTR, and AAPL.


3.07pm...no one wants to buy >1800. So.....still a chance of the 1770s..although that will surely take 2 trading sessions..which will get us into late Wednesday..if not Thursday - when Yellen part'2 is due.


3.28pm... still stuck...just under 1800.

Well, overly risky to be short...but anyone long is getting the chance to exit, with possible re-entry in the 1770s Tue/Wed.

VIX turns green....confirming the slight weakness.


3.44pm...most tedious day of the year so far?

Regardless, at least we have Yellen tomorrow for some mild entertainment.