3pm update - cyclically due to decline

The FOMC minutes saw an excuse to kick the market to sp'2075.. but there is clear resistance at the price gap zone. The micro 5/15/60min cycles are all due to tick lower, favouring the equity bears into the close... and across Thursday. Oil remains moderately choppy, +0.2%.... as does Gold +$2.


sp'60min

Summary

All things considered...  market should decline.. or at least remain under the 2pm hour high of 2075.

Clearly though... the sp'2019 low looks extremely secure... with the 2100s due before month end.

Indeed, a Nov' close anywhere above 2060 would be a second key close above the 10MA.. and bode for straight upside into late spring 2016.
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notable weakness, QCOM -9.8%...  as the selling continues.
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3.18pm.. so much for gap zone resistance.. clearly fails to hold the madness.

Next level 2085.
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3.36pm.. sp'2080... so.. that is 61pts (3.0%) since the Monday opening low.

It remains.. a nasty market. Anyone still think we'll see any sustained action <sp'2K before year end?