3pm update - messy day

US equities remain moderately lower, ahead of the two day FOMC meeting. VIX remains relatively subdued in the mid teens.. with the big 20 threshold still out of range in the current cycle. USD has turned negative, -0.2% in the DXY 94.80s.. which is pretty incredible considering the Greek situation.


sp'60min

vix60 min
 

Summary

Price action remains leaning on the bearish side.... but still.. the downside is simply not being sustained. Same old nonsense.

Again, it remains incredible to consider that the Eurozone is in imminent danger of seeing one of its member states exit.. and the VIX is barely able to hold the mid teens.

notable weakness: coal miners, BTU -5.5% in the $2.30s...
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*I have my eyes on INTC as a short... but not until Wed'.. probably after the 2pm announcement.