12pm update - weakness..as expected

We're seeing some fairly broad weakness so far today. Even the VIX is showing some strength. A close <sp'1410 would be useful for the bears.


sp'daily5

vix;daily

Summary

Everything is looking on track.

*The VIX daily cycle is due to + MACD cycle next Tue/Wed, so bears should be looking for the first big down move in the indexes (below sp'1385 ?) around then.

The following chart will be important for the next down cycle...

Most important of all, a break under the recent sp'1343 low will be the last warning the bull maniacs get.
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