12pm update - continued weakness

US indexes continue to slip, with significant weakness in the Nasdaq and R2K. Equities look set to slide to the sp'1845/35 zone..where there are 4 aspects of key support, not least the weekly 10MA. VIX looks set to climb into the 17/18s.


sp'60min

Summary

*I remain short, via a core block of SDS, but will consider exiting when sp'1845/40.
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Those opening minor gains..to sp'1873 now look a long way up.
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VIX update from Mr T.


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back later

12.45pm.. and farewell to the 1850s.

Fast approaching the initial target zone of 1845/35. Things only get interesting on a daily close <1830.