3pm update - closing hour weakness

Seeking a broadly flat close on the main indexes. Note that the old leader, tranny is -0.5%, equivilent to around dow-65pts. VIX looks like it might close in the low 16s.


sp,daily5

Summary

Lets see if there are any sellers out there!

...more after the close!

2pm update - micro-moves

It looks like the hourly cycles are done, and we're way due for a down move across Tuesday and into Wednesday.


sp'daily5

Summary

So, lets see if we get a rollover, and then the issue is whether we can break the previous low of 1398. A close in the 1390s will be the target for Wed/Thursday.

Yet, in the scheme of things, these are indeed embaressingly small moves. As I noted a few weeks ago, 'most people' should turn off their screens and come back in mid-September.

Stay tuned.

1pm update - a little weakness this afternoon

A quiet day still, lets see how much the bots want to sell things off this afternoon.


sp'daily5

Summary

Seeking a broadly flat close, with a hit of 1380 no later than the Friday open.