2pm update - ending the week on a downer

US equities remain moderately weak, and there appear too few willing to buy back above the sp'2100 threshold. Price structure is a micro bearish pennant.. offering renewed weakness into the weekly close. VIX is reflecting moderate market concern, +6% in the 13.60s.


sp'60min

vix'60min

Summary

Suffice to say... market remains weak..  and it looks like we're increasingly set for a closing hour of 'rats selling into the weekend'.

If so... moderate net weekly declines.. in the sp'2080s.. with VIX 14s.
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notable weakness:  coal miners, BTU -5.2%

oil/gas drillers, RIG/SDRL, both lower by -2.5%, daily charts not looking so pretty.

.. even TWTR is net lower by -0.3%...   ugly daily candle.