12pm update - the chop continues

US remain weak, and the bulls are really struggling just to manage a 38% retrace of the Thursday decline. Another minor wave higher to the broken support of sp'1978 still looks viable, which would likely equate to VIX in the 15/14.80 zone.


sp'15min

Summary

Suffice to say..it sure is turning into something of a dull end to the week.

*I am on the sidelines, and considering yesterdays' technical breaks, I will still look to short the market... but am trying to at least find an entry around 1978/80.
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VIX update from Mr T.


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time to cook...
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I just noticed....

Sums up the past three years

Somewhat appropriate movie on TV this late afternoon.