3pm update - weakness into the close?

It has been a pretty tiresome Tuesday, not least for the equity bears, who have been teased with the sp'1850s, only to see an afternoon bounce. VIX remains weak, but the hourly cycle is offering a turn, and a daily close in the 15s would offer some small hope for Wednesday.


sp'60min

vix'60min

Summary

Barring a close <1860 - and that sure won't be easy, along with VIX 15s, it was an overly annoying day.
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Its time for the equity bears to push....its time for the closing hour!
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3.09pm.. hourly VIX MACD cycle ticking up...will go positive cycle tomorrow morning - whilst the next tranche of 'Yellen bux' are thrown at the market.

I'm starting to think the rest of this week is going to be just another 4-6 swings..driving everyone crazy.

Regardless...lets see what the equity bears can manage on this next VIX up cycle.


3.26pm.. Urghh..even the VIX 15s look..difficult.     Truly........tedious.....Tuesday.


3.35pm.. The smaller cycles are in favour of the bears into the close/early tomorrow, but really....this is most annoying day in weeks...maybe the year.

VIX 14.40...right now I'd settle for 14.70s.


3.49pm.. on the hourly equity chart..3 spike-top candles...I suppose thats something for the bears, but really...a daily close..a mere 0.9% from historic highs. Too close for comfort.

back at the close.