12pm update - the bull maniacs are starting to get twitchy

With a new soft lower high of sp'2060 - with VIX 14.84, we're seeing renewed weakness as the bull maniacs are simply unwilling to buy at these levels. A marginal net daily decline in the sp'2030s - along with VIX 16/17s, would be a real shock to the mainstream who remain in outright denial about the style and structure of price action since the key high of May'2015.


sp'60min

VIX'60min

Summary

Things are starting to get interesting again  :)
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There are black-fail daily candles starting to appear all over the place...

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time for tea