Oil Is Setting the Market on Fire!
The S&P 500 is seeing some of its heaviest selling in weeks. The 11:30 eastern turn came and went with no pop at all. But don't discount the bulls just yet. They have spent years figuring out new ways on how to rally the market into the close. The market internals look like a disaster currently with 8:1 edge for declining issues, while the VIX is starting to peak its ugly head up with a break to the upside and out of a bull flag pattern.