The market continues to see minor (toppy?) chop, just under the key sp'1875/83 zone. What is clear, if we are trading <1860 by late Friday, the door is open to 1800/1790, but for now..that is a mere bearish dream. VIX continues to flip fractionally higher/lower.
*a simple stripped down index chart, but the point should be clear.
If the bulls can't push up from here...with a weekly close at least in the 1860s...then bears are going to win this little battle. Although, I sure won't get overly excited if we drop to 1800/1790, that still won't be enough to change the bigger picture.
VIX update from Mr T
time for lunch
12.25pm.. Trans.. -0.7%... R2K -0.6%...the two leaders are warning of trouble.