11am update - choppy morning

Market is seeing some moderate chop so far today, a little dip to 1575, but the bull maniacs have kicked it back to 1580. VIX is back to flat. Hourly charts still suggesting market downside in the late afternoon. Precious metals and Oil holding gains.


sp'60min

Summary

Current ETA on the indexes showing conclusive trend changes remains - the 2-4pm time frame, certainly before the close of today.

Long day ahead...a close <1570, with VIX 14s, would really clarify things.
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11.42am  VIX looks like its made a good floor in those mid 13s..and the only issue now is how high might it jump in the next up cycle.