3pm update - weakness into the close

US indexes remain weak, and after what was a typical afternoon bounce into 2.30pm, we're set for further weakness into the close. Bears should be content with any daily close <1860, 1840s would be a real bonus, and greatly help the chances of breaking the more important 1830 threshold.


sp'15min

Summary

*I picked up a secondary short block, from sp'1858, will seek to exit in the low 1840s tomorrow.
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First resistance for the bull maniacs is the hourly 10MA, which will be around 1860/58 in this hour.
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An interesting closing hour is ahead!. Lets see if the bears can get a daily close in the 1840s, along with VIX 16s.


3.03pm..bears just need to break <1854..to cause some havoc into the close.

3.13pm.. rolling..rolling...over...could be an exciting closing 5/10mins.

3.30pm... urghh.. a jump back to 1860...and if this is a C' wave..it sure must not go much above 1865/70.

At least the bears don't have to worry about any sig QE' until early Wednesday.

VIX turns red...


3.40pm.. bears could do with a daily close at least <1860.

Regardless of the exact close...the near term trend IS weak, and we still look set for the 1840/30s.  back at the close.