Looking at the chart below it have us down in the area of the last low. Peaking around 11-5 at 1227 then tanking to 1173 and testing that area for weeks. Things could level out here with a bounce. Bears watch spx 1311 then 1327. I think 1311 a good pivot on a clsose basis. We need to tighten up to get a big move I think.
VIX +SPX calls for up day Friday.
This is a % of stocks above their 50 day ma. The actual sell comes under 50% but I notice direction helps.
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