1pm update - still moderately weak

Whilst there is far more significant weakness in the R2K, the broader market is still only moderately lower. Primary downside target remains the low sp'1970s, with VIX 15s (briefly)..before a renewed push higher into October.


sp'daily5

Summary

The Dow is especially suggestive that the broader market remains comfortably bullish.

Yes, there is sig' selling in the small caps - notably the momo stocks of TSLA, TWTR, etc... but as a whole... the market is looking like it will level out by tomorrow.
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*I remain seeking to pick up a sig' long-index block.... somewhere in the 1973/70 zone.. with VIX 15s.

For now, there is no hurry.. not least ahead of the Fed.
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Notable weakness...

SDRL, weekly...

The carnage continues... with increasing talk of 'the dividends will be cut'.
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1.10pm.. micro rally to evens. sp'1984.

Makes no sense for the floor to be 1976....  still looks to be more weak chop tomorrow....