2pm update - clawing higher

US equities are battling to break into the 1940/45 zone by the close. A further wave lower..to 1910/00 seems likely... although that might not equate to a higher high in the VIX (a divergence to watch for). Metals are weak, Gold -$4.


sp'15min

Summary

All things considered... near term outlook is increasingly clear.

The sp'1940s...then a slightly lower low... 1910/00... then UP.

The bigger question is whether 1970s will be seen in the next multi-day up wave..

Notable weakness: Airlines.. UAL -3.4%

Oil/gas drillers were downgraded (according to clown finance TV)... RIG -3.0%
--


2.42pm.. sp +10pts... getting close to the target zone...