12pm update - no buyers

US indexes have utterly failed to build a floor, and with sp'1925 breaking.. we have another snap lower into the 1910s. VIX is pushing higher into the mid 17s.... and now the issue is... does this really just keep falling away?


sp'60min

vix'60min

Summary

..back from a minor shopping excursion..

An ugly morning for the market... no buyers...and we just keep on slipping.

The Dow 200 dma is next obvious target, in the 16320s.

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VIX update from Mr T



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time for lunch