3pm update - weakness into the close

US equities remain very weak, and considering the complete absence of a bounce.. it'd seem we will close somewhere in the sp'1945/40 zone. VIX remains relatively subdued, only +5%. Oil has turned lower, from +1%, to -0.7%


sp'daily5

Summary

So.... a day for the bears, and though I ain't part of it, I'm pretty much delighted to see another wave of downside.

As noted earlier, there is a really exciting H/S scenarion.. but that will require the sp'1920/00 zone.. no later than next week.

To those on the short side today.... congrats.

--
...updates into the close....


3.11pm.. R2K 1083... the CRITICAL level is about to break.

Bears finally showing some power... VIX +7%


3.25pm R2K 1083.... still set to lose the critical 1080s by the close.

sp'1942.... best case for the close ....

sp'1935.. with Dow -330/340


3.35pm... micro bounce..but really, this is still very weak... who the hell would be buying into the close anyway?

VIX +4.5%... still failing to confirm the declines.