3pm update - weakness into the close

US equities look set for a second consecutive net daily decline. Equity bears should be content with any close <sp'2060. The key low of sp'2039 looks set to be challenged.. and broken... opening a more critical test of the 200dma in the 2013/15 zone next week.


sp'60min

sp'daily5

Summary

Price structure is arguably a bear flag on the hourly equity chart.. with a corresponding bull flag on the VIX chart.

All things considered, bears did some damage today... a net daily declines looks a given... and it sets up tomorrow pretty well.
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3.33pm.. the Rats are selling.... lots of trades flying through on my screen.... bears look set a second day in their favour.

VIX 16s would be useful to confirm.