10am update - the week begins with a break

Equity bears break rising support, and the door is open to an attempt on last Monday's spike floor of sp'1850. If the bulls can't hold there...its likely over, as many this past weekend have speculated. Metals are holding significant gains, Gold +$15.


sp'60min

GLD, daily

Summary

From how I see it, bulls need to hold sp'1850, or the bigger weekly cycles will be flashing 'oh noes' warnings for the rest of this week..and month.

Yellen is speaking later this week, and frankly, that seems the 'last hope' bulls have of turning this around.
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Opening black-fail candle on the VIX

Well, make of that..what you will.
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back 'some time later'.