1pm update - bearish MACD cross

The sp'500 is due to see a bearish MACD cross at the start of the 1pm hour..and it threatens increasing weakness into the close. Right now, a retrace to the sp'1900 threshold looks probable, perhaps 1884.. on an added 'excuse' tomorrow.


sp'60min

VIX'60min

Summary

Most notable right now is the VIX. which continues to manage to break new cycle lows. Its pretty bizarre, but then.. there is clearly no significant equity downside power.

It'd seem the VIX traders recognise higher levels to sp'1950/60s are indeed due.... regardless of any short term retrace.

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I'm churning on the following...

sp'daily5b

Thoughts welcome.. although I realise some have been saying 2K for many weeks.