1pm update - not looking pretty

US equities are increasingly weak, breaking a new intra low of sp'1992. Next target is 1988... after that... no real support until the 200dma of 1965. VIX is naturally on the rise.. +8% in the 23s. Gold is holding strong gains, +$34. Oil is -1.8%..having lost spike gains of 5%.


sp'60min

VIX'60min

Summary

It sure is not looking so great. Despite sporadic jumps higher... the market appears like it wants to make a hit of the 200dma... which is some 1.5% lower.
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As for Lagarde... she sure didn't seem confident.. and the market never wants to see its banker overlords appearing weak.

Euro/$ parity.... remains viable in the very near term.
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Notable weakness: BAC -4%, TWTR -5.7%

Strength: miner ETF of GDX +6.1%... not surprising... with the Gold gains.

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stay tuned!