sp'60min
VIX'60min
Summary
*closing price action was pretty weak.. with another fractional lower low of sp'2044, but overall... the market is likely in the process of flooring.
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... the second significant decline in three days... although as I've noted across the day, the VIX has remained relatively subdued... and is NOT confirming any real market concern.
Something of note... we're now just 2% away from the uber-critical 200dma. Only with a break <2k, would the bigger trends start to be in danger of turning.
As it is.. we still have a lot March to trade through.. and as ever... it won't take much to launch another wave higher. The Yellen is due to make an appearence next week... bears... beware!
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more later... on the VIX