1pm update - 13pts from serious trouble

Equities break new intraday lows, with the sp' just 13pts from losing the giant psy' level of 2K. Equity bulls face a real problem if 2K is lost.. whether into the weekly close.. or any point ahead. For the moment, VIX is remaining relatively subdued... a weekly close above the 20 threshold is currently borderline.


sp'daily5

VIX'daily3

Summary

So.. we're within 0.7% of a serious train wreck.

It is notable that right now, we're still net higher on the week, even though it sure doesn't feel like it.

Also notable.. we're still a clear 1% above the Monday morning low of 1993.
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Without question though.. if things get nasty into the close...  well....  the downside targets would be pretty obvious.

stay tuned.............