12pm update - still no decisive turn

US equities remain weak, with borderline significant declines of around 0.9% for the R2K and Dow. Price action though remains nothing particularly bearish, with a VIX that has only managed to spike +6% to the 12.50s.


sp'60min

Summary

*not a bad spike floor candle.. but still not net positive on the hour.
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Clearly, I've under estimated this mornings weakness, and with the Dow -160pts earlier, I'm somewhat surprised.

Regardless of this morning though, none of the bigger trends are damaged, and today is merely offering anyone to re-position.. whether to exit shorts...and/or go long.


smaller 15min cycle... is more clear...

Equity bulls need the 1980s to break the short term down trend.
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time for tea


12.11pm.. Dow is offering the first real sign of a turn.  VIX cooling, +3%... still set to close red.