No clue what’s holding them up but the tape action is creating additional BEAR zones ahead.

Look for any and all rally attempts to fail today (only creating additional downside velocity as they roll-over) as they attack that SPX 680 magnet before any shot at a decent bounce.)

The volatility model warned us last week that they will go verticle today through Thursday of this week so look for a bit of panic to creep into the tape today as they attack 680.

Full report coming soon