12pm update - new retrace lows

With no buyers out there, equities have been unable to sustain earlier minor gains, breaking under sp'2110. As things are, VIX is not yet showing any concern.. as the market is still holding the big 2100 threshold. However, a break into the 2090s should see VIX finally break.. and build gains.


sp'daily5

VIX'daily3

Summary

A third net daily decline now looks a given. Is it time for the Fed to start rumouring QE4 yet?

A retrace to the lower gap zone of sp'2080.. along with VIX 15s looks increasingly probable.

All the bears need now is for AMZN to get trashed 15/20% overnight.
 
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Yours... busy with endless 'moving issues'....  (but it is rather exciting) :
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VIX update from Mr T.



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time for tea.. or something