1pm update - rough day

We're still lurking in the 1430s, propped up by those nasty algo-bots. Volume is doubtless near zero. The longer we maintain these levels, the more likely we are to seeing 1440/50s tomorrow, if the market decides it likes what the Bernanke has to say. A disturbing thought.


sp'60min

sp'daily5

Summary

Its pretty dire in the immediate term. It won't take much tomorrow to break into the 1440s, a level I've noted as probably the sign the bearish outlook needs to get thrown in the trash.
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The FOMC of mid-September marked the high.

Surely tomorrow won't be a similar high?
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