2pm update - increasing weakness

US equities continue to slowly unravel, after the earlier break of the big wedge. VIX is +7% in the low 13s.. as some are once again concerned about the Greek situation. USD is surprisingly weak, -0.2% in the DXY 95.20s. Metals remain weak, Gold -$2. Oil has lost the $60 threshold... -1.8%.


sp'60min

VIX'60min

Summary

As noted earlier, regardless of the close.. the equity bears have finally achieved a break of the big ascending wedge.

In theory.. it should take out the recent double floor of sp'2071.. but I'll sure be getting twitchy in the 2090/80s.. esp' into the weekly close.
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notable weakness, coal miners... BTU -9.5%... utter horror... continues

strength: Ford (F), +1.4%.... I've no idea why.   Broader price structure remains a choppy weak mess.