2pm update - borderline... interesting declines

US equities have turned lower, with borderline significant declines across most indexes. First soft target is the recent intraday low of sp'2049. If that fails to hold, then it opens up 2020/15 zone. At best.. equity bears could make a play for 2000/1980.. but recent price action argues strongly against the latter.


sp'60min

VIX'daily3

Summary

*a rather notable gain of 21% for the VIX, but then... 21% of a small number.. still makes for a low VIX.
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So.. we're seeing some weakness, and bears should be seeking a daily close <2049... but that won't be easy.

Regardless.. a retrace.. if thats even what it is... is all it will be.
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Notable weakness:

BTU -6% @ $8.30s... headed  for $5.. which should be a key multi-year floor in early 2015.
CHK -5.4%... pressured by Nat' gas -4.3%
TWTR -5.9% in the low $36s., with a viable floor of  $30 before next earnings up wave.