2pm update - set to break new lows

US equities are set to the break Tuesday low of sp'2034. Next soft target is sp'2020/15, with VIX 17/18s. A break to 2000, with VIX 20/22 seems viable by the FOMC. Oil remains smashed, -4.5%


sp'60min

VIX'daily3

Summary

Unlike yesterday, the bull maniacs are failing to show up.

We're headed lower... eyes to the VIX.. a close in the 17s..or even 18s would certainly offer 20/22 within the next 2-4 trading days.

--
Notable stock destruction

CHK -7.4%
SDRL -6.9%
TCK -5.6%
-

Interesting day, huh?