3pm update - remaining weak

US equity indexes look set to settle somewhat significantly lower, with the sp' having hit a new cycle low of 2093. There looks to be viable downside to the low 2080s Friday.. although with threat of an initial positive open. VIX is reflecting some moderate market concern, +10% in the low 15s. Metals/Oil remain notably weak.


sp'60min

VIX'60min

Summary

A little bounce.. but in the scheme of things it should be nothing for the bears to be concerned about.

The only issue is whether the market opens lower tomorrow... or moderate bounce.. and then resumes into the weekly close.

Regardless of the exact close... a day for the bears.
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notable weakness: INTC -1.4% in the $32s... larger price structure is a rather bearish H/S