2pm update - no downside power

Equity bears still lack any downside power, and despite a break <sp'1870, the bulls have little to be concerned about, at least into next week. Precious metals briefly turned red, but are on the rebound..Gold +$7. VIX is showing a fearless market...still a touch lower.


sp'60min

Summary

*'no downside power..and I ain't referring to PLUG.
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So...a break <1870, but really..price action simply isn't bearish.

Indeed, all the bears seem able to muster are tiny little retraces of 0.25 to 0.5%...entirely negligible.
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Meanwhile...the entertainment remains in PLUG

5min

Some true hysteria, with heavy selling, resulting in a rather bizarre intraday gap lower.

A daily close -20..even -30% is very viable.
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2.09pm.. a second VERY rare intraday gap down for PLUG, now -22%

2.15pm.. PLUG -24%...the entertainment...continues.